Issues ranging from banks’ loan-rate calculations to hacking incidents, IT system management and financial holding companies’ governance were raised at a National Assembly audit. Lawmakers questioned whether banks cut preferential rates after tighter rules on loan add-on rates. They also probed differences in cybersecurity systems among banks and called for stronger standards. Delayed detection of internal system errors, including cases at Toss Bank, was cited. Governance and outside director appointment procedures at BNK Financial Group, Woori Financial Group and KB Financial Group affiliates were also questioned.

Hana Financial Group has begun CEO succession procedures for six major affiliates including Hana Bank. It plans to narrow each company’s shortlist to no more than three candidates by late October, then pick one final candidate for each in early December. The group’s executive candidate recommendation committee, chaired by outside director Won Sook-yeon, is made up of 75 percent outside directors. The group will expand the role of the bank-level committee in selecting the next Hana Bank chief.