Lee Bok-hyun, Financial Supervisory Service Chief, Meets Asia-Pacific Regulators and Central Banks: "Let's Put Our Heads Together"

[Asia Economy Reporter Song Seung-seop] Lee Bok-hyun, Governor of the Financial Supervisory Service, announced on the 9th that he attended the 11th East Asia-Pacific Regional Financial Supervisory Authorities and Central Bank Governors Meeting held in Seoul.

This meeting was the first international conference attended by Governor Lee Bok-hyun since his inauguration in June. Fifteen financial supervisory authorities and central bank governors from 10 countries in the Asia-Pacific region participated either in person or via video conference. He co-chaired the meeting with Lee Chang-yong, Governor of the Bank of Korea.

During the meeting, participants exchanged opinions on major risks faced by financial institutions amid the global financial tightening environment, risk factors in the crypto asset market, and policy implications. Hyun-Song Shin, Head of Research at the Bank for International Settlements (BIS), and Ross Leckow, Acting General Manager, were invited as key presenters on specific agenda items to share their insights.

Governor Lee emphasized at the meeting that uncertainties are increasing as risks in the financial sector rise amid the global financial tightening trend. He also mentioned the importance of financial supervisory authorities and central bank governors from various countries coming together to engage in in-depth discussions on key issues.

Governor Lee stated, “Through future participation in international meetings, we plan to further strengthen the cooperation system with major overseas financial supervisory authorities to effectively respond to uncertainties in the global financial market.”

This content was produced with the assistance of AI translation services.