Page 259 - 2019 6th AFIS & ASMMA

Good morning to all of you. It's a big honor for us to be here in on Thursday afternoon in Europe, the upcoming new chairwoman, or
Busan and to share with all of you, all the distinguished guests of today, governor, of the European Central Bank made a strong bold statement
our views on what's going on in the mortgage market in Europe, and saying that, for the first time, in case of a new quantitative easing, Europe Speech Keynote
the challenges we have at the global level. I think it's very important to has to take in consideration a new taxonomy capturing ESG parameters.
highlight how important the summit is today and how the title of the
summit is really capturing the challenge that we all face. So, for the first time, the European Central Bank is trying to
implement a green taxonomy in their financial market operation, which
Our political landscape is becoming very uncertain. Our consumers will help investors have a green approach towards financial markets. This
are changing their behavior, and as a consequence our strategies in terms is a big change. And it's coming from a strong statement of the European
of funding, in terms of valuation, in terms of Fintech, have to change Commission in taking the leadership in the energy efficiency debate in
consequently. That's a big change for our industry, but we have no other Europe, but also from the global level. In Europe, in the last two years,
alternative. We have to change, because the world around us is changing, a group of experts, which is called the Technical Expert Group, has
and because the mortgage business is one of the fundamental pillars provided a clear taxonomy for the financial markets, trying to capture
of every single country. It's true that at global level, we have different climate change in our financial landscape.
houses, we have a different social system, but the mortgage business is
always having the same mission; make a family grow and be able to have This is already having a strong implication on the investor appetite.
a social lift, which means improving and having hope for the future. I had meetings with asset managers in Amsterdam a few days ago, and
it's very clear that the ESG parameters are becoming a strong parameter
And now more than ever, having hope in the future is important from in their financial decision. So, they are not allowed anymore to invest
a social point of view, and also from a political point of view. So, the in anything considered as a source of pollution or a source of political
challenges are very local, but the solution from my point of view is very problems. So, it's very important for our banks that we realign completely
global. It's very important that we have this kind of global collaboration, our strategy, and create a clear link between asset-side strategies and
and we'd like to express the gratitude as the European Covered Bond funding strategies. Covered bonds from our point of view can play an
Council for the high contribution provided by Korean Housing Finance important role in providing transparency and clear information to the
Corporation in our institution. Your contribution is very helpful for us to investors.
realign completely the funding strategies at a global level.
So, we can build our story around three big pillars: consumer
Today I would like to speak with you about our flagship initiative, behavior, lending behavior, and investor behavior. And how our
which is trying to capture the energy efficiency debate in the mortgage business, our mortgage business, can help in our case, in our country,
business. We believe that the challenge of climate change is one of and in Europe, to build a strong political agenda around our financial
the major challenges for our market. I would like to share with you needs. Well, speaking about Europe; in Europe we have a very strange
my views on why I think this will change our business, starting from situation as you know, where we are a kind of country, but we are a kind
tomorrow morning. Well first of all, there are a few news that I would of a Federation or Confederation, as you prefer. It depends where you're
like to share with you that can help us understand how the world around based. And the economic area of the European Union is collecting all
us is changing, and this will have deep implications on our business together 500 million of people. This 500 million of people, they own 247
models. Just to share with you the news that I read in the last few days, million of houses. The houses in Europe are actually contributing to the

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