[News Content]
ㅇ "This contradicts a statement made by Financial Services Commission Chairman Eukwon Lee at the National Assembly's Legislation and Judiciary Committee plenary meeting on July 29th.
When Rep. Park asked, "There are doubts about the background of the product introduction. Was there a risk analysis process such as stress testing? Please provide the data," Chairman Lee replied, "It was released after thorough review" and promised to submit the data.
" This content was reported.
[FSC Explanation]
□ Revision of the Capital Markets Act Enforcement Decree and Regulations to resolve asymmetric regulations between domestic and overseas listed ETFs, including pre-announcement (40 days), inter-ministerial consultations (20 days), impact assessments by ministry*, review by the Legislative Counsel, Financial Services Commission (April 15th), Vice Ministerial Meeting (April 16th), Cabinet Meeting (April 21st) etc. were followed.
* Regulatory Impact Assessment by the Office for Government Policy Coordination, Gender Impact Assessment by the Ministry of Gender Equality and Family, Statistical Impact Assessment by Statistics Korea, Personal Information Breach Factor Assessment by the Personal Information Protection Commission, Prior Consultation on Decentralization by the Ministry of the Interior and Safety
□ In the process of introducing the system, risk and impact assessments were conducted based on changes in benchmark indices. This analyzed the erosion of volatility, the possibility of price fluctuations of underlying assets expanding in a falling market, and the scale of rebalancing by leverage ratio (impact on the market),
ㅇ The market capitalization and trading volume ratio of individual stocks, as well as the situation related to individual stock futures and options were also checked.
ㅇ Based on the results of the checks and overseas cases, a basic collateral deposit system, which does not exist overseas, and investor protection measures such as pre-education were introduced together.
□ Related agencies plan to swiftly promote the supplementary measures for single-stock leveraged products (ETF·ETN) jointly announced on July 16th and 29th.
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▶ Original source: https://news.nate.com/view/20260804n20681
