Lee Chan-jin, governor of the Monetary Supervisory Service (FSS), speaks at Kiwoon Securities headquarters in Seoul, Nov. 24. Yonhap
The chief of the nation’s monetary watchdog mentioned Wednesday that asset administration corporations ought to design monetary merchandise that effectively inform traders of their dangers for higher safety.
In a gathering with heads of 20 asset managers, Lee Chan-jin, governor of the Monetary Supervisory Service (FSS), mentioned asset administration corporations are additionally urged to play a task in productive finance to prop up the financial system.
“Asset managers ought to acquire confidence from traders by creating sound market rules and honest competitors,” Lee mentioned.
The FSS chief additionally mentioned his company will absolutely help modern monetary merchandise and asset managers’ efforts to create an setting for long-term investments.
