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Bank of Korea Governor Apologizes for Insufficient Warning on Risks of Single-Stock Leveraged ETFs
1 day ago /
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Author：小编
Bank of Korea Governor Shin Hyun-song apologized at the National Assembly's Finance and Economy Committee's national policy supervision meeting, stating that the bank failed to provide sufficient warnings about single-stock leveraged ETFs. He admitted that he lacked a comprehensive understanding of the volatility in South Korea's domestic stock market and memory chip sector at the end of May, and acknowledged that the assessment of single-stock leveraged ETFs in the Bank of Korea's Financial Stability Report released in June was mistaken and inappropriate under the circumstances at that time.
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