Open Policy Lab Initiative
The FSA has established the Open Policy Lab, a framework for voluntary submission of policy proposals by employees that is intended to train and better use employees, centered on young employees, and invigorate the organization and also to promote the formulation of novel and original policies by actively accepting employees' new inspirations and ideas. The major outcomes are as follows.
- Use of AI in examining annual reports
Isn't it possible to use AI or other technologies for automatically judging the quality of securities reports that listed companies disclose every year? In order to find an answer to this question, the team broadly sought cooperation in a demonstration experiment using AI, etc. in May 2019, and published a summary of the results with the cooperation of the private sector in September 2019. This demonstration experiment shows findings helpful for future consideration, including the potential and challenges, etc. in applying progressing technologies.
(Attachment)Open Policy Lab "Use of AI in examining annual reports" – Summary of the proof-of-concept test results
- Oral history of financial administration
In July 2020, the FSA marked its 20th anniversary. During the two decades, JFSA addressed various challenges, including the domestic financial crisis, the global financial crisis, the Great East Japan Earthquake, the sustainment of the low interest environment, falling birthrates and aging population, digitalization, and the outbreak of COVID-19.
In order to learn lessons from experiences with these challenges, the team has interviewed its former officials who faced and tackled these challenges, publishing their remarks as the Oral history of financial administration. The content will be sequentially updated when conducting a new interview.
* Opinions, etc. of the speakers (interviewees and interviewers) contained in the following are merely personal views and do not necessarily show the position of the FSA. Interviews contain parts in which the speakers mention conversations with related parties inside or outside of the FSA, but the content has not been confirmed with those counterparties and should be interpreted as records of personal memories.
Contact information: email@example.com
・KONO Masamichi (former Vice Minister for International Affairs, FSA) (Available in Japanese)
・HAMANAKA Hideichiro (former Deputy Director General, Financial Supervisory Agency and FSA) (Available in Japanese)
・INUI Fumio (former Director, Supervisory Department, Financial Supervisory Agency, and former Director-General, Planning and Coordination Bureau, FSA) (Available in Japanese)
- For organization-wide tech forming
The team conducted the following with the aim of achieving the enhancement of efficiency and sophistication of the FSA's operations through the use of programming and other information technologies.
An analysis of the transaction network in the Japanese OTC derivatives markets
From the reflection on the financial crisis in 2008, G20 Leaders, at the 2009 Pittsburgh Summit, agreed that OTC derivatives contracts should be reported to trade repositories. In Japan as well, the operation of the OTC derivatives transaction data reporting system was commenced in 2013, targeting financial instruments business operators, financial instruments clearing organizations and other OTC derivatives market participants. The FSA receives reports of trade repository data (TR data) from those targeted market participants. In order to obtain knowledge on market transactions from the TR data thus reported under the system, the team conducted an analysis of the transaction network structure based on graph theory
- Financial inclusion
Regarding the issue of poverty (in particular, the issue of child poverty), which is placed the first in the SDGs, the team listened to financial institutions, NPOs, and other ministries and agencies concerning their concrete initiatives from the perspective of what the financial authority and the financial industry as a whole can do for this issue.
As one of the outcomes of such efforts, at "Regional Banking Summit (Re:ing/SUM) – A Future Created on the Power of Regional Finance ," which was broadcast on NIKKEI CHANNEL on February 12, 2022, a panel discussion was held under the theme of "Seven Things Regional Financial Institutions Can Do to Help Alleviate Child Poverty." People from NPOs and regional banks, etc. were invited as panelists and discussed initiatives for solving child poverty they have conducted so far, ways to collaborate between NPOs and regional banks, and points that regional financial institutions should keep in mind when they start alleviating child poverty. The team published the outline of the panel discussion (access here (Available in Japanese)).
Contact information: firstname.lastname@example.org
- Diversity, Equity & Inclusion in the Financial Sector
In order to solve gender diversity challenges in Japan’s startup ecosystem by entrepreneurs and investors, the team has conducted data research and literature research, has had interviews personally with female entrepreneurs and venture capitals, and has continued deliberations with related parties by holding a workshop. The team published a report of the outcomes of these efforts.
Proposals to Solve Gender Diversity Challenges in Japan’s Startup Ecosystem
Financial Services Agency
Strategy Development Division, Strategy Development and Management Bureau (Ext. 2840,2967)
- Laws & RegulationsPage list Open
- Name of Laws and Regulations(PDF)
- Financial Instruments and Exchange Act
- Recent Changes
- Public Comment
- Capital adequacy requirements (Basel framework)
- Economic value-based solvency regulation
- No-Action Letter System
- Procedures concerning Foreign Account Management Institutions
- PrinciplesPage list Open
- Strategic Directions and Priorities
- Progress and Assessment of the Strategic Directions and Priorities
- Policy Approaches to Strengthen Cyber Security in the Financial Sector
- Financial Monitoring Policy
- AnnouncementsPage list Open
- Press Conferences
- Press Releases
- Official Statements
- Disaster-related Information (Support for Disaster Victims)
InstitutionsPage list Open
- List of Institutions
- For those engaging in High Speed Trading
- To Operators of Specially Permitted Businesses for Qualified Institutional Investors, etc.