Top Five Bank Chiefs Back Redefining Finance, Stress Soundness for Sustainability

Major commercial bank chiefs said on the 10th that they share the Lee Jae Myung government's view that the structure and role of finance should be redefined. The banking sector agreed with the direction that finance needs to reset its role in the economy and society, while emphasizing that soundness management must accompany the process for operations to remain sustainable. The remarks came as the new government's financial policy stance is leading to renewed discussion of banks' responsibilities and roles. Future talks on financial restructuring are expected to consider both an expanded public role and the need to secure bank soundness. Source: yna.co.kr