FSC Standing Commissioner Kwon Dae-young held a meeting with financial institutions on October 28 to review money market situation and explained the government's KRW50 trillion-plus liquidity support programs announced on October 23. At the meeting, Standing Commissioner Kwon said that authorities are working on seamless implementation of various liquidity support measures including the bond market stabilization fund, postponement of regulatory tightening on banks' LCR (liquidity coverage ratio) requirement, special liquidity support programs for securities firms, etc. In response, financial institutions also shared their own measures intended to help stabilize current market situation.