FSC Chairman Kim Joo-hyun held talks with the heads of major financial holding groups on July 21 and shared views on the complexity of the current crisis situation and the need to effectively deal with the situation through risk management and enhanced resilience. Chairman Kim also talked about the government's financial sector measures to help stabilize people's livelihoods announced on July 14 and urged close cooperation from the industry. Moreover, Chairman Kim explained about the government's plan for regulatory reforms in the financial sector and pledged to maintain close communication with the industry.