TT: What is the commission's stance on cross-strait relaxation for the financial industry?
Shih: We don't want to talk about cross-strait liberalization in the wake of ongoing controversies. Cross-strait relations involve national policies which, as I said before, does not fall within the commission's jurisdiction. The commission is of one mind with the industry. We believe that banks should follow where their customers go.
TT: It's been three months since you've taken over this position. What can you say about the job and what are your expectations?
Shih: This is a very challenging job which involves a lot of pressure -- not political, but [the pressure] stems from the work itself. After all, it means taking responsibility for the nation's financial industry, which involves NT$6 trillion in assets and accounts for 13 percent of GDP.
We would work hard to strengthen supervision [by implementing both] precautionary and punitive measures. I hope I can make a contribution to the sound development of the nation's financial sector and help build up a healthy industry for the next generation.
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