FSC Chairman Kim Joo-hyun met with the heads of Korea Federation of Banks and twenty major banks on November 9 and held talks on market stabilization efforts. At the meeting, participants shared their assessment on current market conditions as well as future forecasts and discussed (a) the banking sector’s market stabilization role and future plan and (b) current difficulties in banks' financing and asset management conditions as well as ways to resolve them. During the meeting, Chairman Kim expressed appreciation for the banking sector as banks have provided steady support for vulnerable groups and supplied liquidity in response to the recent turmoil in money market and bond market. As the banking sector constitutes the core of our financial system, Chairman Kim said that banks should provide a leading role in stabilizing markets by looking not only at the banking sector but at the whole financial system.