FSC Chairman Eun Sung-soo met with the heads of financial associations on March 26 and held talks on the issues surrounding the implementation of the Financial Consumer Protection Act which went into effect on March 25. At the meeting, Chairman Eun pledged to maintain close communication with the financial industry and urged strong support from industry officials in ensuring financial consumer protection. Chairman Eun also stated that the authorities will work to come up with specific guidelines on internal control as soon as possible while focusing on a consulting-based supervision over financial institutions rather than inspecting compliance for sanctions for the first six months.