FSA Weekly Review No.93 April 22, 2014

What's New on the FSA Website

Week of April 14-18, 2014

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

Press Conferences

April 16, 2014:	Press Conference by the Minister for Financial Services (April 15, 2014) Japanese version

Public Comments

(The Following public comments are available in Japanese)

April 18, 2014:	Results of public comments regarding the draft partial revision of the notification regarding the designation of the business accounting standard by FSA Commissioner as stipulated in the Ordinance on Terminology, Forms and Preparation Methods of Consolidated Financial Statements, etc. «Summary» The FSA publishes the results of public comments regarding the revision of the Public Notice designating the business accounting standards that can be used in Japan, as stipulated in the Ordinance on Terminology, Forms and Preparation Methods of Consolidated Financial Statements. The revision adds the accounting standards published by the International Accounting Standards Board from November 1 to December 31, 2013. No changes will be made to the proposal draft as no comments were received.
April 14, 2014:	Draft partial revision of “Comprehensive Guidelines for Supervision of Major Banks, etc.” «Summary» The FSA proposed the draft of revisions to the Comprehensive Guidelines for Supervision of Major Banks. It aims to enhance the effort of global systemically important banks (G-SIBs) to fully comply with the “Principles for effective risk data aggregation and risk reporting," and require some large banks to disclose the indicators for assessing and identifying G-SIBs.

April 18, 2014:

Results of public comments regarding the draft partial revision of the notification regarding the designation of the business accounting standard by FSA Commissioner as stipulated in the Ordinance on Terminology, Forms and Preparation Methods of Consolidated Financial Statements, etc.

«Summary»
The FSA publishes the results of public comments regarding the revision of the Public Notice designating the business accounting standards that can be used in Japan, as stipulated in the Ordinance on Terminology, Forms and Preparation Methods of Consolidated Financial Statements. The revision adds the accounting standards published by the International Accounting Standards Board from November 1 to December 31, 2013. No changes will be made to the proposal draft as no comments were received.

April 14, 2014:

Draft partial revision of “Comprehensive Guidelines for Supervision of Major Banks, etc.”

«Summary»
The FSA proposed the draft of revisions to the Comprehensive Guidelines for Supervision of Major Banks. It aims to enhance the effort of global systemically important banks (G-SIBs) to fully comply with the “Principles for effective risk data aggregation and risk reporting," and require some large banks to disclose the indicators for assessing and identifying G-SIBs.

Press Releases

(The Following press releases are available in English)

International

April 18, 2014:	Basel Committee on Banking Supervision published a finalized standard document titled “Supervisory framework for measuring and controlling large exposures”
April 18, 2014:	Basel Committee on Banking Supervision issued a report titled “Frequently Asked Questions on Basel III's January 2013 Liquidity Coverage Ratio”
April 17, 2014:	Consultation paper on Asia Region Funds Passport
April 15, 2014:	Basel Committee on Banking Supervision published a finalized standard document titled “Capital requirements for bank exposures to central counterparties”
April 15, 2014:	Financial Stability Board announced progress reports to the G20 Finance Ministers and Central Bank Governors meeting

(The Following press releases are available in Japanese)

Securities

April 18, 2014:	Partial revision of the FSA regulatory notice concerning the designation of related corporations of credit rating agencies (group designation concerning explanatory items of unregistered ratings) «Summary» The FSA updated the list of designated credit rating agencies. These designated credit rating agencies are unregistered agencies belonging to the same group as registered credit rating agencies and fulfill certain requirements. Securities Companies using the credit ratings of agencies on this list are subject to an eased duty of explanation compared to when using those of non-designated unregistered agencies.
April 15, 2014:	The second hearing on the case of the violation of the Financial Instruments and Exchange Act concerning the false statement on securities report, etc. by Japan Wind Development Co., Ltd. «Summary» On April 22, 2014, the FSA held the second hearing of the case of Japan Wind Development Co., Ltd.

April 18, 2014:

Partial revision of the FSA regulatory notice concerning the designation of related corporations of credit rating agencies (group designation concerning explanatory items of unregistered ratings)

«Summary»
The FSA updated the list of designated credit rating agencies. These designated credit rating agencies are unregistered agencies belonging to the same group as registered credit rating agencies and fulfill certain requirements. Securities Companies using the credit ratings of agencies on this list are subject to an eased duty of explanation compared to when using those of non-designated unregistered agencies.

April 15, 2014:

The second hearing on the case of the violation of the Financial Instruments and Exchange Act concerning the false statement on securities report, etc. by Japan Wind Development Co., Ltd.

«Summary»
On April 22, 2014, the FSA held the second hearing of the case of Japan Wind Development Co., Ltd.

Others

April 18, 2014:	“List of Issuers of Gift Certificates in Repayment Procedures based on the Payment Services Act” updated «Summary» The FSA updated the list of issuers who are repaying or have completed repaying or announced the termination of use of the prepaid payment instruments as defined in the Payment Services Act (e.g. gift vouchers, gift certificates and prepaid cards).
April 16, 2014:	Kyushu Local Finance Bureau called for financial measures in response to the outbreak of bird flu «Summary» The Kyushu Local Finance Bureau issued the statement “Financial Measures in Response to Highly Pathogenic Bird Flu” to relevant financial institutions in Kumamoto Prefecture. The statement requests financial institutions to deal appropriately with the applications for new loans or changes of loan terms from customers affected by the bird flu epidemic.
April 14, 2014:	Results of the invitation to become a provider of global legal entity identifier (LEI) (Notification regarding the Candidates for LEI Provider to Regulatory Oversight Committee for the LEI System) (Japan Exchange Group Inc. (Tokyo Stock Exchange, Inc.)) «Summary» The FSA notified the LEI Regulatory Oversight Committee of the Japan Exchange Group / Tokyo Stock Exchange as a candidate for LOU in Japan. In this regard, the FSA has submitted a bill to the Diet to amend Financial Instruments and Exchange Act so that financial instruments exchanges can allocate LEI.

Site Map

About FSA Page list Open: Ministerial Team; Organization; Location; Pamphlet; Open Policy Lab
Press Releases & Public Relations Page list Open: Press Releases; Press Conferences; Official Statements; FSA Weekly Review & ACCESS FSA; Speeches; For Financial Users; Others; Archives
Policies & Councils Page list Open: Policies; Councils
Laws & Regulations Page list Open: Name of Laws and Regulations(PDF); Recent Changes (Legislation, Ordinances, Guidelines); Guidelines; Financial Instruments and Exchange Act; Financial Monitoring Policy; Public Comment; No-Action Letter System; Procedures concerning Foreign Account Management Institutions
Regulated Institutions Page list Open: List of Institutions; Administrative Action; Statistics; For those engaging in High Speed Trading; To Operators of Specially Permitted Businesses for Qualified Institutional Investors, etc.; Asia Region Funds Passport (ARFP)
FSA Weekly Review & ACCESS FSA Page list Open: Back Number (2022); Back Number (2021); Back Number (2020)

top of page