Financial Supervisory Service Holds Daily Crisis Response Meetings for COVID-19... "Monitoring Financial Support for Affected Companies"
[Asia Economy Reporter Kim Hyo-jin] The Financial Supervisory Service (FSS) announced on the 24th that it will hold a 'Crisis Response General Meeting' daily to swiftly respond to the financial market crisis caused by the novel coronavirus infection (COVID-19).
This expands and strengthens the previously operated 'Financial Situation Review Meeting' aimed at minimizing the impact of COVID-19 on the financial market.
The Crisis Response General Meeting is held every day at 8:30 a.m. and serves to review financial market trends and risk factors.
At the first meeting held on the day, the FSS checked the short-term money market situation and the status of financial support implementation for companies affected by COVID-19, and discussed response measures.
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The FSS also decided to check whether banks are smoothly performing their foreign currency fund intermediation functions for foreign exchange end-users such as export-import companies.
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