[Korea hyerin nine financial newspaper News] Depository or the future financial agents, etc. should be a daily, short-term financial transactions and deal with the Company's financial information for each business Financial Services Commission reported to the Bank of Korea. The report accepts that transaction information is reported on a monthly basis on a daily basis in order to systematically monitor the anomalies in the markets.
Finance Committee that 27 days notice comes from the 'legal enactments on the money market' of such information until April 10th Legislative said Thursday. Short-term financial transactions are financial transactions that expire within one year of issuance and sale of call transactions, repurchase trading (RP), certificates of deposit (CD), commercial paper securities (CP), Electronic short-term bonds (without shear).
FSC is "systematic discipline is lacking situation reflects the characteristics of money market 'saying,' short-term trading information from financial markets're being reported to the financial authorities on a monthly basis, to check the risk of the market on a daily basis and the corresponding limits there 'said the notice promoting legislative background.
This financial crisis was the intermediary depository institutions, and deal a daily, short-term financial transactions of financial institutions to report to the Financial Information above the Bank of Korea every business day. It is one of the short-term financial transactions if limited to a finance company or the like, the parties to the short-term financial transactions, there is no obligation to report if the country and the Bank of Korea.
Call transaction information, money brokerage companies, while off-RP · CD · CP · Print this Depository transaction information, transaction information intestinal RP should report the exchange. However, short-term financial transactions, financial brokerage company is not a securities depository Depository on or not via intermediaries has ever direct reports and other financial companies.
In addition, the bill is a short-term financial transactions related agencies to disclose to refine the type of interest rate and transaction information is also provided. Short-term interest rates and financial market trading information, including but some are also published today, market participants sufficient information is not being disclosed hagieneun used. In addition, some details are different circumstances that information is disclosed to each other.
This financial crisis is the over-the-counter RP · CD · CP · Print without involvement Depository two, intestinal RP related to the exchange that, while CD · CP · Shear call rates are KOFIA is, koribo, junior nose fix respectively Bankers Association It has to disclose to the Internet. Disclosure information will be disclosed by segment, depending on the shape of each transaction type for each credit rating, interest rate, transaction type, of the other, maturity and the opinions of market participants. Call your transactions and call rate, but are published by the Bank of Korea, was required to disclose information to the Bank of Korea.
Indicators for the credibility of the rates specified in the "index managed interest rates, and advice was also released and regulations. Advantage 'managed index rate "means financial transactions above a certain level in the (contract) or is an indicator that interest rate worries undermine the smooth financial transactions of economic entities calculated on break. The FSC checks this indicator to specify the rate to managed and negotiated the adequacy and reliability of the interest rate calculated based on methods and procedures, and the Bank of Korea. Specified interest rate index will also calculate and disclose management agency to manage the overall management of interest rate target indicators.
If you have two indicators calculated on the managed interest rates difficult or inappropriate disclosure process so that there was a financial crisis to impose necessary measures such as information providers, financial companies.
FSC has said "whenever there is a problem with the widely used reliability of short-term money market interest rates in such loans, by law governing the member has administrative guidance or respond to ad hoc through regular supervision events ',' short-term financial markets It announced that it would promote legislation to improve the effectiveness and reliability.
Before collecting the financial crisis, which had been raised in the opinion of two short-term financial market legislation Direction Seminar "held on May 9.
After the legislative notice period of 40 days after the regulatory and legal examination and loans from April to June and the Cabinet plans to submit a bill to the National Assembly in June.
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