FSC holds 5th policy seminar on strengthening global competitiveness of domestic financial investment businessesJun 08, 2023

FSC Vice Chairman Kim So-young attended the 5th policy seminar on strengthening the global competitiveness of domestic financial investment businesses on June 8 and delivered congratulatory remarks. Today's event marks the last of a series of seminars held this year and focused on ways to strengthen risk management and internal control capacity of financial investment businesses. Participants discussed the need to improve rules on the securities firms' net capital ratio requirement according to their size and to make changes to the method of calculating liquidity levels taking into account various stress conditions including a large-scale redemption. In his speech, Vice Chairman Kim talked about some of the concrete policy achievements brought about by the seminar and the government's plan to further enhance the global competitiveness of domestic financial investment businesses. As a part of this effort, Vice Chairman Kim said that the KRX derivatives market's early opening from July 31 will help boost domestic market's linkage with global capital markets.