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The chief of the KFB expressed his “regret” over the incomplete sales of high-risk investment products by banks, as the financial watchdog put forward a compensation guideline for losses incurred from the troubled Hong Kong-tied derivatives Monday.
The Korean Federation of Banks has recommended former Cho Young-byoung as its next chairman. Cho, if nominated, will begin a three-year term on Dec. 1.
Penalties on bank executives and directors linked to private equity funds are concerning and could limit bank activities, according to Kim Kwang-soo, Chairman of the Korea Federation of Banks.
The Korea Federation of Banks released a list of seven candidates for its chairmanship Tuesday.
Korea JoongAng Daily Sitemap