The Financial Investment Association (FIA) is actively participating in discussions regarding regulations and policies in the global fund industry. As a board member of the International Investment Funds Association (IIFA), the FIA is involved in the establishment of international regulations and pension and investment policies, while also expanding cooperation with Japan's asset management sector.
On October 6, the FIA announced its participation in the 39th IIFA Annual General Meeting, which began on October 5 in Toronto, Canada. The meeting focuses on key issues in the global fund industry and allows the Korean asset management sector to share its experiences.
The IIFA is a global consortium of 43 investment fund associations from 41 countries. The FIA was re-elected to the IIFA board in July and will participate in discussions on major policies and regulations affecting the global asset management industry over the next two years through its board and working committees on sustainability, international regulations, and pension savings and investments.
Approximately 50 fund industry experts and representatives from 24 institutions across 19 countries are attending the meeting. Key agenda items include international regulatory and policy cooperation to respond to the growth of the global fund industry, the expansion of digital and hybrid advisory models, and strategies to convert household savings into long-term productive investments.
Investor protection issues arising from the expansion of the digital investment environment are also a major topic of discussion. The FIA plans to participate in related panel discussions to address financial literacy and investor protection measures, sharing insights from domestic investor education and protection systems as well as market experiences.
Additionally, the FIA aims to strengthen cooperation between the Korean and Japanese asset management sectors. During the meeting, the FIA will sign a memorandum of understanding (MOU) with the Japan Investment Advisors Association (IMAJ) to enhance information exchange regarding the asset management markets and systems of both countries. Plans for increased practical cooperation through personnel exchanges and joint events are also in the works.
FIA Chairman Hwang Seong-yeop stated, "Through our activities on the IIFA board, we will actively engage in discussions on major changes in the global asset management industry and share the experiences of the Korean market with the international community. We aim to ensure that the outcomes of our cooperation with overseas associations contribute to enhancing our members' global business and the competitiveness of the K-capital market."
* This article has been translated by AI.
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