17. Article

The FCMC commits itself to continuously harmonize all sector-specific legislation, regulations, and supervisory methods to reap the full benefits of unified financial sector supervision. By end-June 2002, the FCMC will explore the feasibility of introducing a rating system for the institutions to be supervised to enhance the effectiveness of its oversight activity. In addition, the FCMC will prepare on-site manuals for insurance and securities market supervision by end-2002. The FCMC will continuously enhance risk-based supervision and review the feasibility of introducing certain consumer protection measures for the financial sector.