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Jung Eun-bo “Appears in the expected risk market…More provisions for financial institutions are needed”

[이데일리 전선형 기자] He said that the internal and external risks predicted by the Financial Supervisory Service Commissioner Jeong Eun-bo are becoming a reality, and that financial companies need to further increase loan loss provisions. In a situation where the COVID-19 situation has not ended, it is necessary to sufficiently prepare for future risks that may arise.

Jeong Eun-bo, head of the Financial Supervisory Service. (Photo=Yonhap News)

On the 26th, Jeong Eun-bo, head of the Financial Supervisory Service, met with reporters right after the meeting with the financial platform was over in the morning of the same day and said, “The uncertainty in macroeconomic conditions is increasing, and I am worried about it and see that risks are appearing in the market. “You have to let the financial institutions absorb the risk when you do,” he said.

He continued, “I think it is necessary for financial companies to accumulate more provisions in that regard.”

The Financial Supervisory Service recently ordered two financial institutions, including credit card and capital, to accumulate additional provisions following banks. The trend of additional provisioning is expected to continue.

There was also mention of market interest rates that day. Director Jung said, “The interest rate calculation system of banks is being looked into and will be explained as soon as they are arranged. ” he explained.

There was also mention of the phenomenon of interest rate reversal between 1st and 2nd financials appearing in the market. “I know that there are unusual cases, not that there is no interest rate reversal as a whole,” Jeong explained.

In addition, President Jung expressed his opinion on the stock option exercise of recently controversial big tech companies such as Kakao Pay and Kakao Bank. He added, “The stock option issue of Kakao Pay is a matter that needs to be looked into systematically.

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