What’s New on the FSA Website

Week of December 11 - December 15, 2017

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

Public Comments

(The following public comments are available in Japanese)

December 15, 2017:

Publication of the draft amendments to regulatory notices and guidelines pertaining to Pillar 3 requirements of capital adequacy, liquidity coverage ratio, and remuneration < Summary> The FSA proposed the draft amendments to the regulatory notices and guidelines pertaining to disclosure requirements regarding capital adequacy, liquidity coverage ratio, and remuneration. The proposal is to update the disclosure requirements for internationally active banks based on the BCBS Standards: Pillar 3 disclosure requirements – consolidated and enhanced framework which was published in March 2017.

December 11, 2017:

Publication of the finalized amendments to the regulatory notices and guidelines pertaining to Pillar 3 disclosure requirements and monitoring of interest rate risks < Summary> The FSA finalized the amendments to the regulatory notices and guidelines pertaining to Pillar 3 disclosure requirements and monitoring of interest rate risks. The amendments reflect the revised BCBS Pillar 3 disclosure requirements and the finalized standards of interest rate risk in the banking book.

Press Releases

(The following press releases are available in English)

International 

December 12, 2017:	International Association of Insurance Supervisors (IAIS) published an interim consultation paper "Activities-Based Approach to Systemic Risk"

 

Others

December 15, 2017:	The fourth meeting of the Payments Council on Financial Innovation
December 14, 2017:	Updated list of issuers of gift certificates in repayment procedures based on the “Payment Services Act”

(The following press releases are available in Japanese)

Councils

December 15, 2017:	Publication of the agenda and handouts of the second meeting of the “Study Group on the Financial System” under the Financial System Council < Summary> The FSA published the agenda and handouts of the second meeting of the “Study Group on the Financial System” under the Financial System Council, which was held on December 15, 2017.
December 11, 2017:	Publication of the agenda and handouts of the first meeting of the “Working Group on Corporate Disclosure” of the Financial System Council < Summary> The FSA published the agenda and handouts of the first meeting of the “Working Group on Corporate Disclosure” of the Financial System Council, which was held on December 11, 2017.

Banks

December 15, 2017:

Figures regarding suspended repayments following the earthquake in the Kumamoto region (as of September 30, 2017)  < Summary> The FSA published the number of debtors and the amount of debts for which contractual repayment has been suspended following the earthquake in the Kumamoto region, based on interviews with financial institutions in the two prefectures most heavily affected by the earthquake (Kumamoto and Ōita).

December 15, 2017:

Publication of statistics regarding unlawful reimbursement of deposits < Summary> The FSA published statistics regarding unlawful reimbursement of deposits caused by counterfeit and stolen cash cards, stolen deposit books, and unlawful internet banking activities. The statistics include details of incidents and compensation made by financial institutions based on reports from the financial institutions.

Securities

December 15, 2017:

Administrative penalty charge against an individual for committing insider trading regarding stocks of BUNKYODO GROUP HOLDINGS CO.,LTD. by using obtained insider information < Summary> On December 14, 2017, the FSA issued an order to impose an administrative penalty charge against an individual for committing insider trading regarding stocks of BUNKYODO GROUP HOLDINGS CO.,LTD. by using information obtained as an employee of the said entity.

December 15, 2017:

Administrative penalty charge against an individual for market manipulation regarding stocks of Central Glass Co.,Ltd. and four other entities < Summary> On December 14, 2017, the FSA issued an order to impose an administrative penalty charge against an individual for market manipulation regarding stocks of Central Glass Co.,Ltd. and four other entities.

Others

December 15, 2017:

Publication of the “FSA Policy Evaluation Implementation Plan for FY2017” < Summary> The FSA published its Policy Evaluation Implementation Plan for FY 2017. To ensure objectivity and improve the quality of evaluation, the plan has been reviewed by outside experts and their inputs are reflected in the plan. The FSA will conduct policy evaluation pursuant to the plan and the results will be published in due course.