(The Following press releases are available in English)

International

December 12, 2014:	Basel Committee on Banking Supervision published a consultative document, “Net Stable Funding Ratio disclosure standards”
December 8, 2014:	The Exchange of Letters for Cooperation with the Bangko Sentral ng Pilipinas

Councils

December 12, 2014:	The fifth meeting of the Working Group on Investment Management of the Financial System Council

Insurance

December 9, 2014:	FSA publishes a partial English translation of the Comprehensive Guidelines for Supervision of Insurance Companies

Others

December 9, 2014:	Stewardship Code : 175 institutional investors have signed up to the Principles for Responsible Institutional Investors

(The Following press releases are available in Japanese)

Councils

December 11, 2014:	Publication of the agenda and handouts of the seventh meeting of the Study Group on Payments and Transaction Banking of the Financial System Council «Summary» The FSA published the agenda and handouts of the seventh meeting of the Study Group on Payments and Transaction Banking of the Financial System Council, which was held on December 8, 2014.

Banks

December 11, 2014:

Publication of FAQ regarding regulatory notices on the liquidity coverage ratio (LCR) «Summary» The FSA published FAQ regarding regulatory notices on the liquidity coverage ratio (LCR). The FAQ complements the regulatory notices published on October 31, 2014, which stipulate the criteria for the bank to assess its soundness by clarifying the interpretation of words and phrases and calculation methods.

Securities

December 10, 2014:	Updated list of entities who are operating financial instruments business without proper registration (Kanto Local Finance Bureau) «Summary» The FSA (Kanto Local Finance Bureau) issued warnings to entities that are operating financial instruments business without proper registration.

Publication

December 11, 2014:

Publication of FSA Annual Report of the program year 2013 (in Japanese) «Summary» The FSA published FSA Annual Report of the program year 2013 (in Japanese). In program year 2013, from July 2013 through June 2014, the undertakings of FSA include i) measures to support an exit from deflationary stagnation and sustainable economic growth, and strengthen the financial basis of Japan under the policies of Abenomics, ii) measures to ensure the soundness and robustness of the financial system as a whole, and iii) measures to actively participate in and contribute to the discussions for global financial regulatory reform. The FSA, with its mission to ensure the stability of Japan’s financial system, to protect the users of financial instruments and services, and to facilitate the smooth function of financial services, continues to enhance fairness and transparency of the financial administration.

Others

December 12, 2014:	Publication of the agenda and handouts of the eighth meeting of the Council of Experts Concerning the Corporate Governance Code «Summary» The FSA and Tokyo Stock Exchange published the agenda and handouts of the eighth meeting of the Council of Experts Concerning the Corporate Governance Code, which was held on December 12, 2014.
December 12, 2014:	Updated list of issuers of gift certificates in repayment procedures based on the "Payment Services Act" «Summary» The FSA updated the list of issuers who are repaying, have completed repaying or have announced the termination of use of prepaid payment instruments, as defined in the "Payment Services Act" (e.g. gift vouchers, gift certificates, and prepaid cards).
December 9, 2014:	Financial measures to deal with disasters caused by the heavy snow that started on December 5th (Tokushima Local Finance Office of Shikoku Local Finance Bureau) «Summary» The Tokushima Local Finance Office of Shikoku Local Finance Bureau and the Bank of Japan’s Takamatsu branch issued the joint statement “Financial Measures to deal with disasters caused by the heavy snow that started on December 5th” to relevant financial institutions. The statement requests financial institutions in Tokushima Prefecture to appropriately deal with victims of the disaster considering their circumstances, such as by making the repayment of deposits flexible.