Financial Supervisory Service Union “Leverage Situation Due to Supervisory System Structure Guided by the Ministry of Finance”

연합뉴스-Yonhap News Agency

Lean Right

Factuality

Ownership

(Seoul=Yonhap News) Reporter Kim Jiyeon = The “main culprit” of the Financial Supervisory Service's trade union introducing a single-category leverage product on the 21st is that the Financial Supervisory Service completely controls administrative policies...

조선일보

Lean Right

Factuality

Ownership

The Financial Supervisory Service (FSS) labor union pointed out the structural limitations of the financial supervisory system regarding the issue of responsibility arising from the introduction of single-stock leveraged exchange-traded funds (ETFs) and urged for the strengthening of the supervisory body's independence. In a statement released on the 21st, the FSS union addressed the issue of responsibility for financial consumer damages caused …

ddaily.co.kr

Factuality

Ownership

[Digital Daily Reporter Lee Ho-yeon] The Financial Supervisory Service (FSS) labor union has identified the current supervisory system, which is subordinate to the Financial Services Commission (FSC), as the root cause of the single-stock leveraged exchange-traded fund (ETF) crisis. They argue that it is difficult to check the side effects of financial policy when the FSC controls the FSS's budget and organization. On the 21st, the FSS labor un…

asiae.co.kr

Factuality

Ownership

The Financial Supervisory Service labor union claims that the cause of the single-stock leveraged exchange-traded fund (ETF) crisis is the current financial supervision system subordinate to policy.