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| KB금융과 하나증권. (사진=KB금융, 하나증권) |
[Alpha Biz=(Chicago) Reporter Kim Jisun] The Financial Supervisory Service has decided to gradually expand inspections of securities firms' allegations related to maturity bonds.
The FSS released a report on "the progress of the rap and trust inspection of securities companies" today (24th) and said, "In addition to Hana Securities and KB Securities, we will start the inspection of the companies selected for inspection in order."
According to the Financial Supervisory Service, these securities firms are suspected of using a "maturity mismatch" strategy to invest funds attracted to short-term investment products such as lab and trust accounts in long-term bonds.
The Financial Supervisory Service said it would select and push for theme tests on unhealthy business practices in the rap and trust markets through its business plan earlier this year, and has now launched an on-site inspection of two companies.
If securities firms present excessive target returns through "maturity mismatch," they can dispose of their incorporated assets in an illegal or expedient manner in the event of a money market crunch and large-scale contract termination.
The Financial Supervisory Service explained the background, saying, "This is possible to constitute transactions between unique and trust assets, loss preservation and profit guarantees, which are prohibited by law."
A Financial Supervisory Service official said, "We will strictly take measures against violations confirmed by the inspection and eradicate the industry's chronic practices."
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
