Watchdog Chief Urges Securities Firms to Shore up Shareholder Value
5 Articles
5 Articles
Watchdog chief urges securities firms to shore up shareholder value
The chief of Korea's financial watchdog on Tuesday called on securities firms to shore up shareholder value and heighten risk management for rising interest rates. In a meeting with heads of 28 securities firms, Lee Chan-jin, governor of the Financial Supervisory Service (FSS), said local brokerage firms had racked up record profits amid a stock bull run. "Securities firms that benefited the most from the growth of the capital market should play…
(Seoul = Yonhap News) Reporter Kim Ji-yeon = Financial Supervisory Service Governor Lee Chan-jin met with securities firm CEOs on the 29th and [mentioned] that while securities firms are enjoying profits, a significant number of investors...
Lee Chan-jin, Governor of the Financial Supervisory Service, addressed securities firm CEOs, pointing out the issue of losses suffered by individual investors in contrast to the improved profitability of the securities industry resulting from the stock market rally. He warned of strengthened supervision, demanding active shareholder returns, investor protection, thorough risk management, and the securing of liquidity.
[Digital Daily Reporter Kim Nam-gyu] Lee Chan-jin, Governor of the Financial Supervisory Service (FSS), urged CEOs of securities firms to strengthen investor protection, shareholder returns, and social contributions. He emphasized that since the securities industry has generated profits in the first half of this year alone that nearly equal last year's annual earnings, it must fulfill its responsibility to grow together with investors. On the 2…
Lee Chan-jin, Governor of the Financial Supervisory Service, summoned CEOs of financial companies and ordered securities firms to proactively increase dividends and manage market volatility factors such as margin lending.
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