| Summary: | 碩士 === 國立臺北大學 === 會計學系 === 101 === Closed at the end of 2011, the financial restructuring fund had handled 56 distressed financial institutions in total over the past decade since July of 2001, with a total expense of NT$289.2 billion. They handled the cases by using public fund, which is supposed to be highly inspected and managed. So, how was the operation effectiveness, and has it achieved the establishment purpose? These issues deserve study and discussion.
This study conducts a case study on the Taitung Business Bank, to explore the reason causing its operation failure, analyze its financial business status, and discuss its market withdrawal procedures including the staff equity guarantee and the auction strategies such as split and subconstructing sales. It also conducts a questionnaire survey on the Financial Supervision Institutions, the financial institutions such as Banks, and the Asset Management Companies, with the five-point Likert scale for grading. By doing so, it tries to understand the respondents’ views on the achievements of the distressed financial institutions handled by the fund and on the guarantee mechanism of recovering the deposit insurance limits. The 40-question questionnaire is designed based on five dimensions, namely, currently financial supervision system, application of public fund, achievement of handling the distressed financial institutions, treatments of the staff and offenders, and the guarantee of recovering the deposit insurance limits.
According to the questionnaire analysis, most respondents show positive recognition on the financial supervision system, the handling achievements of financial restructuring fund, and guarantee measures for recovering the deposit insurance limits. Regarding the application of public fund, they show different views in terms of deposit and shareholder’s equity. When it comes to the efficiency and effectiveness of law proceeding, they show negative views.
Finally, seven suggestions are proposed. 1) the model of handling the financial institutions in the future should adopt the secret auction and the loss sharing mechanism. 2) the information disclosure transparency of the financial statement should be strengthened. 3) the financial supervision personnel should be trained actively. 4) Prompt Corrective Action should be implemented. 5) the laws should be revised to investigate the liabilities against the law-breakers. 6) the deposit insurance ratio should be adjusted to prepare the general financial deposit insurance payout special reserves. 7) the concept of deposit insurance guarantee should be advocated continuously.
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