FSC Vice Chairman Kim So-young held the 4th financial risk taskforce meeting on August 31 jointly with other relevant institutions. The 4th taskforce meeting discussed the following two agenda—(a) measures for improving the loss absorbing capacity of financial sectors in response to financial market uncertainties and (b) detailed implementation plans of various market stabilization measures which had been deployed in past financial crises. At the meeting, Vice Chairman Kim stated that the financial authorities will examine the level of loan loss provisions of banks and nonbanks to make sure that they have sufficient capacity to absorb potential losses.