[기자가 간다] Chairman Eun Seong-soo meeting with representatives of securities companies…What is the main content?

Finance Committee Chair Eun Seong-soo gathered representatives of the major financial investment industries on the 5th to discuss current issues in the financial sector, such as the enforcement of the Financial Consumer Protection Act (the Money Soo Act), extending the maturity of loans for small business owners, and eradicating real estate speculation.

At the meeting held at the Financial Investment Association at 10 am on that day, Jae-cheol Na, Chairman of the Financial Investment Association, Hyun-man Choi, Senior Vice Chairman of Mirae Asset Securities, Seok-Hoon Jang, President of Samsung Securities, Jung-lim Park, President of KB Securities, Young-chae Chung, President of NH Investment & Securities, Il-moon Jung, President of Korea Investment & Securities, and Hyun Kiwoom Securities President Lee Hyun. , Kwon Hee-baek, president of Hanwha Investment & Securities, Gowon-jong, president of DB Financial Investment, and Lee Young-chang, president of Shinhan Financial Investment, attended.

The meeting was set up to discuss major issues and plans for cooperation between the financial authorities and the gold investment industry for the settlement of the Financial Consumer Protection Act (Money Soo Act), which took effect on the 25th of last month.

◆ Chairman Seongsu Eun “Preparing detailed guidelines…Please work with the goldsmith industry”

Prior to the meeting, Chairman Eun Seong-soo said, “I know that the level of sanctions has been strengthened by the enforcement of the Ban Soo Act, and the burden on the field has increased.” We once again express our regrets for this inconvenience and confusion.”

Chairman Eun said, “Financial investment products are more complex in structure than other financial products such as deposits, loans, insurance, etc., and have a high risk of investment loss.Therefore, despite the principle of self-responsibility for investment, there are many complaints and disputes. “The area you need.”

He stressed that “to protect consumers, the information gap between financial companies and consumers should be minimized, and the efforts of the gold industry to resolve information asymmetry are important.”

He said, “If you choose a financial product that is driven out of time without sufficient explanation and understanding of the product, it will virtually obliterate the consumer’s choice,” he said. “The responsibility to explain and record all matters mechanically as a burden for future disputes is also an avoidance behavior. It does not fit the purpose of the prohibition law,” he pointed out.

Chairman Eun said, “We are working on preparing detailed guidelines with the industry on some matters so that there are no obstacles in complying with the laws,” and said, “We will accelerate further so that the system maintenance and detailed preparation of the site can be completed within the six-month period. “He said.

Lastly, “representatives of financial companies think that the change caused by the law is not an expense, but an investment that prevents unnecessary expenses such as disputes and sanctions in the future, and ask them to do their best at the point of contact with customers.”

◆ Securities company presidents “Need a non-face-to-face guideline… it is difficult to obtain a private equity trustee”

Representatives of the financial investment industry are known to have suggested the need for guidelines that can be applied to non-face-to-face or door-to-door sales. In addition, difficulties have been raised that it is difficult to find a trustee for private equity funds.

After the meeting, Chairman Eun told reporters, “(Chief Na Jae-cheol Gold Investment Association) said it was difficult to find a private equity trustee and asked him to take an active role in this part.”

“Looking at the statistics of the past year, the private equity fund did not contract, but it increased in statistics,” he said. “It’s not entirely a contraction, but the trustee has a responsibility problem (it seems to be difficult to get it)…I think it’s a transitional situation.” He explained.

He said, “There is a position of the trustee, the manager, and each other, so if they understand each other, follow the procedure well and clarify their responsibilities, I would like to normalize it.”

NH Investment & Securities CEO Chung Young-chae said to reporters after the meeting, “There is no disagreement that investors must be protected for the financial investment business to succeed. In the case of difficulty products, it takes 30 minutes to open, so it was said that this should be resolved.

“If the current offline systems such as non-face-to-face sales or door-to-door sales are applied to this law as it is, it becomes very complicated, so we have suggested that we respond effectively to this,” he said. “(The financial authorities also said that they would provide a more detailed guideline. It seems to be sorted out internally.”

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