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March 14, 2014
Financial Services Agency
FSA and NAIC held the first meeting of the “NAIC-FSA 1st Insurance Regulatory Dialogue”
On March 13, 2014, the Financial Services Agecy(FSA) and the National Association of Insurance Commissioners(NAIC) held 1st “FSA-NAIC Insurance Regulatory Dialogue” . Following the meeting, the JFSA published the statement that the two agreed to meet periodically and to strengthen their alliance.
In the meeting, the FSA and NAIC discussed broad issues, such as the insurance supervisory frameworks and the international capial and accounting standards for international active insurance groups, and reached a consensus to periodically have a billateral meeting and appropriately coordinate each other. In accordance with this dialogue, the FSA and NAIC share the joint statement at a conclusion.
- Joint National Association of Insurance Commissioners (NAIC) -Financial Services Agency, Japan (FSA) Statement (
PDF(PDF:51KB)) - Opening Remarks
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- Masamichi Kono, Vice Commissioner for Inernational affiars, Financial Services Agency, Japan (
PDF(PDF:32KB)) -
- Senator Ben Nelson, NAIC Chief Executive Officer (
PDF(PDF:53KB))
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The press release published by NAIC is available here
:
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