FSA Weekly Review No.230 February 9, 2017

What’s New on the FSA Website

Week of January 30 – February 3, 2017

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

Press Conferences

February 3, 2017: Press Conference by the Minister for Financial Services (January 31, 2017) (Available in Japaneseopen new window)
February 1, 2017: Press Conference by the Minister for Financial Services (January 27, 2017) (Available in Japaneseopen new window)
February 1, 2017: Press Conference by the Minister for Financial Services (January 24, 2017) (Available in Japaneseopen new window)

Press Releases

(The following press releases are available in English)

International

February 2, 2017: Financial Stability Board (FSB) published a consultative document “Guidance on Central Counterparty Resolution and Resolution Planning”open new window
January 30, 2017: Basel Committee on Banking Supervision published “Frequently asked questions on market risk capital requirements”open new window
January 30, 2017: Seventh Issue of the GLOPAC Newsletter

Banks

February 3, 2017: FSA publishes the status of loans held by all banks as of the end of September 2016, based on the Financial Reconstruction Act
January 31, 2017: Update on measures taken in response to the Great East Japan Earthquake (as of January 31, 2017)
January 31, 2017: Information sharing of cases regarding unauthorized use of bank accounts

Others

February 1, 2017: Updated list of issuers of gift certificates in repayment procedures based on the “Payment Services Act”
January 30, 2017: Updated statistics of money lending business

(The following press releases are available in Japanese)

Securities

February 3, 2017: Administrative penalty charge against OPTROM, INC. for making false statements in its securities reportsopen new window
«Summary»
On February 3, 2017, the FSA issued an order to impose an administrative penalty charge against OPTROM, INC. * for making false statements in its securities reports.

*:OPTROM, INC. was delisted in October 2015.
January 31, 2017: Publication of statistics regarding over-the-counter (OTC) derivative transactions (as of March 31, 2016)open new window
«Summary»
The FSA published the (quarterly)* over-the-counter (OTC) derivatives report as of March 31, 2016, pursuant to the “Financial Instruments and Exchange Act.” This report aggregated the OTC derivatives transactions data reported from the Financial Instruments Business Operators in Japan.

*:The said report was determined in due consideration to be published semiannually for the data of FY2016, and annually for the data of FY 2017 onwards, thereby simplifying certain information pertaining to residual values of interest rate derivatives and credit derivatives by residual terms.
January 31, 2017: Administrative action against the notified business operators of specially permitted business for qualified institutional investors who failed to file the required notifications to the authoritiesopen new window
«Summary»
Local Finance Bureaus took administrative actions against the 85 notified business operators of specially permitted business for qualified institutional investors who failed to file the required notifications to the authorities, ordering the abolition of the business operators’ entire specially permitted businesses for qualified institutional investors and the improvement of their business operations pursuant to the “Financial Instruments and Exchange Act.”

Others

February 1&3, 2017: Establishmentopen new window of the “Council of Experts on Stable Asset Accumulation of the Household Sector” and publication of the agenda and handoutsopen new window of its first meeting
«Summary»
The FSA established the “Council of Experts on Stable Asset Accumulation of the Household Sector” to discuss the way forward promoting long-term, regular, diversified investment and practical investment education mainly for novice investors and providing financial service users/customers with information that they can use to make a good comparison and a well-informed choice when purchasing investment trusts and other financial products.
The FSA held the first meeting of the council on February 3, 2017 and published the agenda and handoutsopen new window.
January 31, 2017: Establishment of the “Council of Experts on the Stewardship Code” and publication of the agenda and handouts of its first meetingopen new window
«Summary»
The FSA published the agenda and handouts of the first meeting of the “Council of Experts on the Stewardship Code,” which was held on January 31, 2017.
January 31, 2017: Activities of the FSA’s Counseling Office for Financial Services Users between October 1 and December 31, 2016open new window
«Summary»
The FSA’s Counseling Office for Financial Services Users is offering a counseling service in response to inquiries and comments from financial services users. Between October 1 and December 31, 2016, the counseling office received 9,268 inquiries and comments, a slight increase from 8,491 cases in the previous quarter (between July 1 and September 30, 2016).

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