Financial firms urged to enhance risk management amid Middle East crisis | Yonhap News Agency

## Summary
OK SEOUL, March 19 (Yonhap) -- The country's financial regulator called on financial firms on Thursday to enhance their risk management amid the escalating Middle East crisis, although the impact of the geopolitical risk on the domestic financial sector has been limited so far. The U.S. and Israel-led war against Iran has been triggering severe market volatility, but its impact on the financial firms here has been curbed due to little exposure to the oil-rich region. But the FSC said financial firms need to bolster their risk management should the war be protracted because it could have a grave impact on the real economy and the financial sector. sam@yna.co.kr (END) Keywords #FSC Articles with issue keywords Most Liked Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms (LEAD) FM Cho sidesteps questions on whether U.S. asked Seoul to send warships to Middle East 16th Gwangju Biennale: You must change your life Ex-U.S. officials voice concerns about Trump gov't 'vacating' deterrence assets from Indo-Pacific amid Iran war Police vow zero tolerance for terror threats against BTS comeback concert Most Saved Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms 16th Gwangju Biennale: You must change your life (LEAD) FM Cho sidesteps questions on whether U.S. asked Seoul to send warships to Middle East (2nd LD) N. Korea's national sports festival Buddhist monks' anti-war rally Buddhist monks' anti-war rally prev Financial firms urged to enhance risk management amid Middle East crisis Next Financial firms urged to enhance risk management amid Middle East crisis

## Article Content
Facebook
X
More
Pinterest
Linked in
Tumblr
Reddit
Facebook Messenger
Copy URL
URL is copied.
OK
SEOUL, March 19 (Yonhap) -- The country's financial regulator called on financial firms on Thursday to enhance their risk management amid the escalating Middle East crisis, although the impact of the geopolitical risk on the domestic financial sector has been limited so far.
The U.S. and Israel-led war against Iran has been triggering severe market volatility, but its impact on the financial firms here has been curbed due to little exposure to the oil-rich region.
So far, their financial soundness and liquidity levels have been relatively solid despite a surge in bond yields and the falling Korean won to the U.S. dollar, according to the Financial Services Commission (FSC).
Six domestic banks' exposure to the Middle East region was tallied at 4.3 trillion won (US$2.86 billion), which account for a meager 0.3 percent of their risk-weighted assets, the regulator said.
But the FSC said financial firms need to bolster their risk management should the war be protracted because it could have a grave impact on the real economy and the financial sector.
sam@yna.co.kr
(END)
Keywords
#FSC
Articles with issue keywords
Most Liked
Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms
(LEAD) FM Cho sidesteps questions on whether U.S. asked Seoul to send warships to Middle East
16th Gwangju Biennale: You must change your life
Ex-U.S. officials voice concerns about Trump gov't 'vacating' deterrence assets from Indo-Pacific amid Iran war
Police vow zero tolerance for terror threats against BTS comeback concert
Most Saved
Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms
16th Gwangju Biennale: You must change your life
(LEAD) FM Cho sidesteps questions on whether U.S. asked Seoul to send warships to Middle East
(2nd LD) N. Korea fires ballistic missiles as S. Korea, U.S. conduct joint drills
Ex-U.S. officials voice concerns about Trump gov't 'vacating' deterrence assets from Indo-Pacific amid Iran war
Most Viewed
All Categories
Taiwan changes 'Korea' to 'S. Korea' in immigration system in protest over Seoul's labeling of it as China
UAE pledges to supply crude oil to S. Korea with top priority: presidential aide
(LEAD) S. Korea secures extra supply of crude oil from UAE: presidential aide
N. Korea shows off 'human-like' robots at polling station, schools
N. Korea committed to expanding nuclear, missile programs; poses 'significant' threats to S. Korea, Japan: U.S. report
Most Viewed More
Most Viewed Photos
Preparations for BTS' Gwanghwamun concert
N. Korea's national sports festival
Buddhist monks' anti-war rally
Buddhist monks' anti-war rally
prev
Financial firms urged to enhance risk management amid Middle East crisis
Next
Financial firms urged to enhance risk management amid Middle East crisis

---

## Expert Analysis

### Merits
- Korea committed to expanding nuclear, missile programs; poses 'significant' threats to S.

### Areas for Consideration
- OK SEOUL, March 19 (Yonhap) -- The country's financial regulator called on financial firms on Thursday to enhance their risk management amid the escalating Middle East crisis, although the impact of the geopolitical risk on the domestic financial sector has been limited so far.
- Six domestic banks' exposure to the Middle East region was tallied at 4.3 trillion won (US$2.86 billion), which account for a meager 0.3 percent of their risk-weighted assets, the regulator said.
- But the FSC said financial firms need to bolster their risk management should the war be protracted because it could have a grave impact on the real economy and the financial sector. sam@yna.co.kr (END) Keywords #FSC Articles with issue keywords Most Liked Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms (LEAD) FM Cho sidesteps questions on whether U.S. asked Seoul to send warships to Middle East 16th Gwangju Biennale: You must change your life Ex-U.S. officials voice concerns about Trump gov't 'vacating' deterrence assets from Indo-Pacific amid Iran war Police vow zero tolerance for terror threats against BTS comeback concert Most Saved Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms 16th Gwangju Biennale: You must change your life (LEAD) FM Cho sidesteps questions on whether U.S. asked Seoul to send warships to Middle East (2nd LD) N.

### Implications
- OK SEOUL, March 19 (Yonhap) -- The country's financial regulator called on financial firms on Thursday to enhance their risk management amid the escalating Middle East crisis, although the impact of the geopolitical risk on the domestic financial sector has been limited so far.
- The U.S. and Israel-led war against Iran has been triggering severe market volatility, but its impact on the financial firms here has been curbed due to little exposure to the oil-rich region.
- But the FSC said financial firms need to bolster their risk management should the war be protracted because it could have a grave impact on the real economy and the financial sector. sam@yna.co.kr (END) Keywords #FSC Articles with issue keywords Most Liked Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms (LEAD) FM Cho sidesteps questions on whether U.S. asked Seoul to send warships to Middle East 16th Gwangju Biennale: You must change your life Ex-U.S. officials voice concerns about Trump gov't 'vacating' deterrence assets from Indo-Pacific amid Iran war Police vow zero tolerance for terror threats against BTS comeback concert Most Saved Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms 16th Gwangju Biennale: You must change your life (LEAD) FM Cho sidesteps questions on whether U.S. asked Seoul to send warships to Middle East (2nd LD) N.
- Korea with top priority: presidential aide (LEAD) S.

### Expert Commentary
This article covers financial, korea, risk topics. Notable strengths include discussion of financial. Areas of concern are also raised. Readability: Flesch-Kincaid grade 0.0. Word count: 455.