Governor Lee Chanjin Attends Asia-Pacific Financial Supervisors' Meeting... Discusses AI and Supply Chain Responses

Attended by 16 Heads of Financial Supervisory Authorities and Central Bank Governors in Asia-Pacific, Held in Singapore
Bilateral Meeting with Head of Indonesia’s Financial Services Authority

Lee Chan-jin, Governor of the Financial Supervisory Service, met with heads of financial supervisory authorities and central bank governors from the Asia-Pacific region to discuss the adoption of artificial intelligence (AI) in the financial sector and strategies to address global supply chain risks.

Lee Chan-jin, Governor of the Financial Supervisory Service (right), shakes hands with Frederika Widiyasari Dewi, Chairperson of the Indonesia Financial Services Authority (OJK), at the 15th East Asia-Pacific Financial Supervisory Authorities and Central Bank Governors Meeting (EMEAP GHOS) held in Singapore from the 23rd to the 24th. Financial Supervisory Service

The Financial Supervisory Service announced on the 26th that Governor Lee attended the 15th East Asia-Pacific Financial Supervisors and Central Bank Governors Meeting (EMEAP GHOS) held in Singapore from the 23rd to the 24th.

The EMEAP (Executives' Meeting of East Asia-Pacific) is a consultative body established in 1991 to promote cooperation and information exchange among financial supervisory authorities and central banks from 11 countries in the East Asia-Pacific region.

This meeting, hosted by the Monetary Authority of Singapore (MAS), was attended by representatives from the Financial Supervisory Service, the Bank of Korea, the Financial Services Agency (FSA) of Japan, the National Financial Regulatory Administration (NFRA) of China, the Australian Prudential Regulation Authority (APRA), the Financial Services Authority (OJK) of Indonesia, and others—a total of 16 participants.

The participants discussed the adoption of AI in the financial sector and response measures regarding disruptions to the global supply chain in light of recent global developments.

Governor Lee also held a bilateral meeting with Frederika Widiyasari Dewi, Head of the Financial Services Authority of Indonesia. Both sides discussed ways to expand exchanges between the Korean and Indonesian financial industries and to strengthen cooperation in the field of financial supervision.

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