What’s New on the FSA Website

Week of June 26 - June 30, 2017

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

Public Comments

(The following public comments are available in Japanese)

June 30, 2017:	Publication of the draft amendments to regulatory notices pertaining to capital adequacy ratio regulation (the third pillar) and guidelines from the perspective of reviewing methodologies for monitoring of interest rate risks < Summary> The FSA proposed the draft amendments to regulatory notices pertaining to capital adequacy ratio regulation (the third pillar) and guidelines. In accordance with the key enhancements set out in the finalized standards for interest rate risk in the banking book (IRRBB) published by the Basel Committee on Banking Supervision in April 2016, and in due consideration of current low-interest rate environment and such, the proposal aims to revise methodologies for monitoring of interest rate risks, which is conducted under the early warning system.
June 27, 2017:	Publication of the finalized amendment to the regulatory notice designating transactions and lending/borrowing to be excluded from the transactions subject to the regulations on financial instruments obligation assumption service < Summary> The FSA finalized the amendment to the regulatory notice designating transactions and lending/borrowing to be excluded from the transactions subject to the regulations on financial instruments obligation assumption service based on the “Order for Enforcement of the Financial Instrument and Exchange Act.” The amendment extends the expiry date of the current regulatory notice from June 30, 2017 to December 31, 2017. The regulatory notice was enforced on June 27, 2017.
June 27, 2017:	Publication of the finalized “Cabinet Office Order on Banks’ Policies on Cooperation and Collaboration with Electronic Settlement Agents” < Summary> The FSA finalized the “Cabinet Office Order on Banks’ Policies on Cooperation and Collaboration with Electronic Settlement Agents” pursuant to Article 10 of the supplementary provisions of the “Act for Partial Revision of the Banking Act (Act No. 49 of 2017),” which stipulates that banks shall prepare and disclose their basic policies regarding their cooperation and collaboration with electronic settlement agents within nine months from the date of promulgation of the Act (promulgation date: June 2, 2017). The Cabinet Office Order was enforced on June 27, 2017.

Press Releases

(The following press releases are available in English)

International 

June 26, 2017:	Eighth Issue of the GLOPAC Newsletter
June 26, 2017:	Basel Committee on Banking Supervision published "Range of practices in implementing the countercyclical capital buffer policy"

Securities

June 30, 2017:	Procedures concerning Foreign Account Management Institutions

Publication

June 29, 2017:	Publication of the 167th issue of the FSA’s monthly journal, Access FSA

Others

June 30, 2017:	Updated list of issuers of gift certificates in repayment procedures based on the “Payment Services Act”
June 29, 2017:	Updated statistics of money lending business

(The following press releases are available in Japanese)

Banks

June 30, 2017:	Publication of a progress report on Business Revitalization Plans < Summary> The FSA published a report on the progress of business revitalization by Shinsei Bank Ltd. as of March 2017, pursuant to the “Act on Emergency Measures for Early Strengthening of Financial Functions” and the “Deposit Insurance Act.”
June 30, 2017:	Approval of the changes in the Business Strengthening Plan of Yokohama Kougin Credit Union < Summary> The FSA approved the changes in the Business Strengthening Plan of Yokohama Kougin Credit Union pursuant to the “Act on Special Measures for Strengthening Financial Functions,” and published its changed plan on the FSA’s website.
June 28, 2017:	Publication of a statistical report on financing by financial institutions for enterprises utilizing the “Guidelines for Personal Guarantee Provided by Business Owners” < Summary> The FSA published a statistical report on financing by financial institutions for enterprises utilizing the “Guidelines for Personal Guarantee Provided by Business Owners” as of 2016 based on the data collected from April 2016 until the end of March 2017, (in which the part regarding responses taken by financial institutions at the replacement of business owners is newly added reflecting the data collected from October 2016 until the end of March 2017). The report is regularly published to further promote the utilization of the Guidelines.
June 28, 2017:	Publication of the updated FAQ for the “Guidelines for Personal Guarantee Provided by Business Owners” < Summary> The FSA published the updated FAQ for the “Guidelines for Personal Guarantee Provided by Business Owners.” The FAQ was revised by the study group on the “Guidelines for Personal Guarantee Provided by Business Owners.”
June 28, 2017:	Overview of modifications to lending conditions by financial institutions < Summary> The FSA published an overview of modifications to lending conditions made by financial institutions since the date of enforcement of the “SME Financing Facilitation Act” (December 4, 2009) to March31, 2017. The FSA publishes the overview semiannually.

Securities

June 29, 2017:	Progress report of initiatives taken by market participants to reduce securities settlement risks < Summary> The Japan Securities Dealers Association, the Trust Companies Associations of Japan, and the Japan Securities Clearing Corporation published an updated progress report of the initiatives to reduce securities settlement risks.

Others

June 30, 2017:	Publication of the level of remuneration paid to officers of special public corporations and authorized corporations < Summary> The FSA published the level of remuneration paid to the officers of the authorized corporations under its jurisdiction: Deposit Insurance Corporation of Japan, and Banks’ Shareholdings Purchase Corporation. Such information is subject to disclosure on an annual basis by respective competent government agencies and is required to be presented on the format designated by the Ministry of Internal Affairs and Communications.
June 29, 2017:	Publication of the agenda and handouts of the third meeting of the “Payments Council on Financial Innovation” < Summary> The FSA published the agenda and handouts of the third meeting of the “Payments Council on Financial Innovation,” which was held on June 21, 2017.
June 26, 2017:	Improved Transparency in the Auditor’s Report (those matters that, in the auditor’s professional judgment, were of most significance in the audit be presented in the auditor’s report, in addition to an opinion as to whether or not the financial statements are fairly presented) < Summary> The FSA published results from exchange of opinions on “Improved Transparency in the Auditor’s Report” among the members (Keidanren (the Japan Business Federation), the Japan Audit and Supervisory Board Members Association, the Securities Analysts Association of Japan, the Japanese Institute of Certified Public Accountants, and the Financial Services Agency) held since September 2016.