SEOUL, Jan. 11 (Xinhua) -- South Korea's financial watchdog chief met with
his counterparts from China and Japan so as to strengthen financial ties among
the three countries and to ask for their support for the meetings to be held in
Seoul this year, the financial regulator said Monday.
Financial Services Commission head Chin Dong-soo, who attended a Financial
Stability Board (FSB) meeting held in Bazel on Saturday, Switzerland, met with
Liu Mingkang, Chairman of the China Banking Regulatory Commission (CBRC), and
Katsunori Mikuniya, Commissioner of the Financial Services Agency of Japan.
On the sidelines of the FSB meeting, the three leaders held a trilateral
council meeting, where they strengthened their financial ties and jointly sought
ways to set up an Asian financial association in the FSB, the FSC said.
Chin also asked his counterparts of active support for the G-20summit
meeting and the FSB plenary meeting to be held in South Korea, the FSC added.
Chin, as he took part in the FSB plenary meeting, reviewed the financial
reform policies and reaffirmed the direction and schedule for the financial
reform tasks that the FSB should be promoting in 2010, according to the
watchdog.
During the meeting, South Korea was picked as the venue to hold the FSB's
fourth meeting, ahead of the G-20 summit to be held in November
The FSB, re-established in April 2009, brings together senior
representatives of national financial authorities, international financial
institutions, standard setting bodies, and committees of central bank
experts.