▲ ▲(From left) Samsung Securities CEO Jang Seok-hoon, Kyobo Securities CEO Lee Seok-ki, Eugene Investment & Securities CEO Ko Kyung-mo, Financial Investment Association Chairman Na Jae-cheol, Financial Supervisory Service President Jeong Eun-bo, Mirae Asset Securities Senior Vice Chairman Choi Hyun-man, Korea Investment & Securities CEO Jeong Il-moon, Dong-ho Dong, CEO of Korea Asset Investment & Securities, Byeong-ki Seo, CEO of IBK Investment & Securities ⓒFinancial Supervisory Service
Financial Supervisory Service Commissioner Jeong Eun-bo said that it would identify areas vulnerable to risks by strengthening on-site monitoring of securities companies. He also emphasized the will to improve the retirement pension market system.
Chairman Jeong of the Financial Supervisory Service said this at a meeting with the CEO of a securities company held at the Kensington Hotel in Yeouido, Seoul on the 23rd.
The meeting was attended by Jae-cheol Na, Chairman of the Financial Investment Association, Hyun-man Choi, Senior Vice Chairman of Mirae Asset Securities, Il-moon Jeong, CEO of Korea Investment & Securities, Seok-hoon Jang, CEO of Samsung Securities, Seok-ki Lee, CEO of Kyobo Securities, Byeong-ki Seo, CEO of IBK Investment & Securities, Gyeong-mo Koh, CEO of Eugene Investment & Securities, and Dong-ho Dong, CEO of Korea Asset Investment & Securities. attended
At the meeting, the participants expressed their opinion that it is necessary for securities companies that are at the center of market risk to stably manage potential risk factors in addition to pursuing profitability in preparation for factors such as uncertainty in the global economy, rapid increase in private debt, and financial imbalances in the domestic economy. did it together
President Jeong Eun-bo said, “We will strengthen preemptive supervision to preemptively identify risks in the securities industry and individual companies.”
Also, regarding the direction of supervision and inspection by the FSS, he said that he would consistently apply the ‘three principles’ to securities companies: ▲ pursuing a balance between pre- and post-supervision in accordance with laws and principles, and ▲ strengthening preventive supervision to protect investors.
Director Jung said, “As part of the preventive supervision, we will discover vulnerable areas through on-site constant monitoring and actively utilize stress tests.”
In response, the CEOs of securities companies agreed with this direction of supervision and inspection and emphasized that they would further strengthen their own risk management.
President Jung also expressed his intention to improve the retirement pension market system and support the development of pension products, such as the introduction of the ‘default option’, which the securities industry is constantly requesting from the authorities.
He said, “We will actively support the development of stable retirement pension products to support the strengthening of corporate finance roles of securities companies and meet the diverse investment demands of the people.
In response, the CEOs of securities companies decided to actively develop stable and profitable products to help people build wealth.
Lastly, President Jung added, “We are reviewing the recent investigation into market maker disturbances in market order, including the size of the fine.”
