Japanese

(Provisional Translation)
April 1, 2016
Financial Services Agency

Establishment of the Global Financial Partnership Center (GLOPAC)

1. The Financial Services Agency of Japan (“FSA”) established the Global Financial Partnership Center (“GLOPAC”), as a successor organization of the Asian Financial Partnership Center (“AFPAC”) launched in April 2014. The objectives of the GLOPAC are to address the issues related to the global financial markets, to effectively conduct financial sector technical assistance for infrastructure development, and to further strengthen cooperative relationships with financial authorities around the world.

2. To pursue its objectives, the GLOPAC continues to offer a fellowship program while extending its global reach, and invites financial regulators and supervisors from around the world as Visiting Fellows. It also serves as a platform to conduct research on the issues related to the financial market and holds seminars and conferences.

3. Through this initiative, the FSA aims to further strengthen the global network and cooperation between financial authorities amid the ongoing global business activities of the financial institutions.