Nonghyup Bank President Kang Tae-young Conducts On-site Management in New York, Says Global Internal Controls Are a Top Priority

[Financial News] Kang Tae-young, president of Nonghyup Bank, visited New York to discuss internal control and risk management issues with local regulators and inspect the sales operations at the New York branch. The trip was aimed at strengthening the foundation for stable growth in the bank's global business.
On the 31st, Nonghyup Bank said Kang Tae-young carried out on-site management during his visit to New York on the 28th local time. He met with local regulators, including the Federal Reserve Bank of New York (FRBNY) and the New York State Department of Financial Services, and personally inspected the operations of global investment assets and the New York branch's sales activities.
Kang Tae-young met with officials from the Federal Reserve Bank of New York (FRBNY) and the New York State Department of Financial Services to discuss key issues such as internal controls, risk management, and compliance at the New York branch. He also visited global alternative investment managers and major investment assets to review operating conditions and business viability, while examining future prospects and risk factors.
He visited the New York branch, shared business updates with employees, and reviewed sales operations. Opened in 2013, the branch has expanded its business base around IB, corporate lending, and export-import finance, while building a stable growth foundation through continued strengthening of internal controls and risk management.
Kang Tae-young said, "To achieve sustainable growth in the global market, we must devote our full efforts to internal controls and risk management based on trust with regulators." He added, "We will support overseas operations across the company to pursue balanced growth between profitability and soundness."

[email protected] Lee Hyun-jung Reporter