FSC Standing Commissioner Kwon Dae-young presided over a meeting on July 26 with officials from the Ministry of Employment and Labor, the Financial Supervisory Service and the financial industry groups to discuss potential risks of excessive money moves in the pension funds market toward the end of this year. Although the pension funds market conditions remain stable currently, there may be expanded market volatility if excessive competition to attract funds takes place toward the end of this year. As such, the financial industry groups agreed to actively respond to contain this risk by taking necessary measures such as paying off retirement pensions in stages and spreading out maturities. At the meeting, Standing Commissioner Kwon said that the financial authorities will continue to closely monitor money moves in the pension funds market and communicate with the relevant financial sectors to ensure that there is no market anxiety caused by abrupt movements of funds.