Finance
FSC urges securities sector to restore core functions, discusses expanding risk capital supply
South Korea’s Financial Services Commission held a consultative body meeting with comprehensive investment finance companies, SME-focused brokerages and policy lenders to discuss ways to strengthen risk-capital supply, improve related rules and support exit markets. The FSC said seven firms with risk-capital obligations supplied 99 trillion won in the first quarter, up 20 trillion won from the previous quarter. It also outlined plans to expand SME-focused brokerage designations, incentives and evaluation rules, build an intermediation platform and step up oversight of leverage investment risks.