What’s New on the FSA Website

Week of September 28 – October 2, 2015

This page contains the latest in events, developments, and updates to the FSA website.

Press Conferences

October 2, 2015:	Press Conference by the Minister for Financial Services (September 29, 2015) Japanese version
September 30, 2015:	Ad Hoc Press Conference by the Minister for Financial Services (September 28, 2015) Japanese version
September 30, 2015:	Press Conference by the Minister for Financial Services (September 25, 2015) Japanese version

Press Releases

(The following press releases are available in English)

International

October 2, 2015:	International Organization of Securities Commissions (IOSCO) published a final report “IOSCO Task Force on Cross-Border Regulation”
September 30, 2015:	International Organization of Securities Commissions (IOSCO) published the second implementation review “Implementation of the Principles for Oil Price Reporting Agencies”
September 29, 2015:	Third Issue of the AFPAC Newsletter
September 28, 2015:	The meeting of Financial Stability Board on September 25, 2015
September 28, 2015:	Financial Stability Board published reports to G20 Finance Ministers and Central Bank Governors: “Corporate Funding Structures and Incentives”, “The Financial Crisis and Information Gaps” and “Work on Foreign Currency Exposures”

Banks

September 30, 2015:	Update on measures taken in response to the Great East Japan Earthquake (as of September 30, 2015)

Others

October 2, 2015:	Updated list of issuers of gift certificates in repayment procedures based on the “Payment Services Act”
September 30, 2015:	Updated statistics of money lending business

(The following press releases are available in Japanese)

Banks

October 1, 2015:	Publication of updated standards and guidelines for the inspection conducted at the request of prefectures pursuant to the “Agricultural Cooperatives Act” «Summary» The Ministry of Agriculture Forestry and Fisheries and the FSA updated the standards and guidelines for the inspection conducted at the request of prefectures pursuant to the “Agricultural Cooperatives Act.”
September 30, 2015:	Figures regarding suspended repayments following the Great East Japan Earthquake (as of June 30, 2015) «Summary» The FSA published the number of debtors and the amount of debt for which the contractual repayment has been suspended following the Great East Japan Earthquake based on hearings with financial institutions in the three prefectures most heavily affected by the earthquake (Iwate, Miyagi, and Fukushima).
September 30, 2015:	Authorization of the business restructuring plan for the Higo Bank, Ltd. and the Kagoshima Bank, Ltd. «Summary» The FSA authorized and published the business restructuring plan for the Higo Bank, Ltd. and the Kagoshima Bank, Ltd. based on the “Industrial Competitiveness Enhancement Act.”
September 30, 2015:	Approval of the establishment of Kyushu Financial Group, Inc., a bank holding company «Summary» The FSA approved the establishment of the bank holding company “Kyushu Financial Group, Inc.,” which has the Higo Bank, Ltd. and the Kagoshima Bank, Ltd. as subsidiaries pursuant to the “Banking Act.”

Insurance

September 30, 2015:

Approval of the application by the Japan Post Insurance Co., Ltd. (Kampo) «Summary» On September 30, 2015, the FSA and the Ministry of Internal Affairs and Communications approved the application by Japan Post Insurance Co., Ltd. (Kampo) in terms of its businesses, pursuant to the “Postal Service Privatization Act.” The approval includes the enlargement of numbers of insurance companies of which the Japan Post Insurance Co., Ltd. consigns the sales of term life insurance policies for SME (small and medium-sized enterprises) executives.

Others

October 2, 2015:	Publication of the statistical results of off-site monitoring of the FSA's inspection «Summary» The FSA published the results of off-site monitoring of the FSA’s inspection held in program year 2014 (between July 1, 2014 and June 30, 2015). The FSA conducts the monitoring in order to maintain appropriate operation of the “Basic Guidelines for Financial Inspection,” at the same time, to avoid mechanical and uniform operation of guidelines. The FSA conducts two types of inspections on financial institutions. The off-site monitoring is based on the financial institutions’ answers to the questionnaires, while its on-site monitoring is based on direct interviews with the financial institutions.
October 1, 2015:	One-month application period (from October 1 through October 30, 2015) for crime victims support program for the FY 2016 funded by funds confiscated pursuant to the “Criminal Accounts Damage Recovery Act” «Summary» From October 1 through 30, 2015, crime victims support program for the FY 2016 funded by funds confiscated from bank accounts used in crimes pursuant to the “Criminal Accounts Damage Recovery Act” will accept applications from private organizations those are the victims of crime. Please contact the Nippon Foundation for more information.
October 1, 2015:	Warning against fake websites fraudulently claiming to be official sites of the FSA «Summary» The FSA updated its warning against fake websites and pop-up ads fraudulently claiming to be official sites of the FSA. Please do not click on such fake links, as they are designed to obtain personal information under fake URL addresses.
October 1, 2015:	Request for financial measures to deal with disasters caused by Typhoon No. 21 (Okinawa General Bureau of the Cabinet Office) «Summary» On September 30, 2015, the Okinawa General Bureau of the Cabinet Office and the Bank of Japan’s Naha branch issued a joint statement “Financial Measures to deal with disasters caused by Typhoon No.21” to relevant financial institutions. The statement requests financial institutions in Okinawa Prefecture to appropriately deal with victims of the disaster considering their circumstances, such as by making repayment of deposits flexible.