What’s New on the FSA Website

Week of October 9 - October 12, 2018

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

Press Releases

(The following press releases are available in English)

International 

October 12, 2018	Comment Letter on the Volcker Rule
October 10, 2018	Basel Committee on Banking Supervision (BCBS) published Basel III Monitoring Report
October ９, 2018	Members of the International Organization of Securities Commissions (IOSCO) closed the second annual World Investor Week

Councils

October 12, 2018	Joint session of the 40th general meeting of Financial System Council and the 28th meeting of Sectional Committee on Financial System

Publication

October 12, 2018	Publication of the 182th issue of the FSA’s journal, Access FSA

(The following press releases are available in Japanese)

Councils

October 11, 2018	Publication of the agenda and handouts of the 14th meeting of the “Working Group on Financial Markets” of the Financial System Council  < Summary> The FSA published the agenda and handouts of the 14th meeting of the “Working Group on Financial Markets” of the Financial System Council, which was held on October 11, 2018.

Banks

October 12, 2018

Publication of the draft amendments to the regulatory notices pertaining to Pillar 1 and Pillar 3 requirements of capital adequacy  < Summary> The FSA proposed the draft amendments to the regulatory notices pertaining to Pillar 1 and Pillar 3 requirements of capital adequacy. The proposal mainly aims to update the prudential framework for calculating capital requirements for banks’ equity investments in funds as part of the strengthening of supervision and regulation of shadow banking, based on the “Capital Requirements for Banks’ Equity Investments in Funds” published in December 2013 by BCBS.

Securities

October 12, 2018

Publication of “Statistics of NISA Accounts” as of June 30, 2018  < Summary> The FSA published “Statistics of NISA Accounts” as of June 30, 2018. There were approximately 12.0 million NISA accounts in total, and approximately 14.5 trillion yen (approximately 129.2 billion USD) was invested through the NISA accounts. In addition, 30.5 billion yen (approximately 271.5 million USD) was invested through 690 thousand accounts of Dollar-Cost Averaging NISA (individual saving account for periodic investment) which has started since January 2018.

Others

October 11, 2018	Publication of the updated column titled “Teach me, Mr. Mushitori” (original Japanese title: “Oshiete Mushitori Sensei”), a subpage of the “NISA Official Promotion Webpage,” with an interview article  (vol. 5) < Summary> The FSA published the updated column titled “Teach me, Mr. Mushitori” (original Japanese title: “Oshiete Mushitori Sensei”), a subpage of the “NISA Official Promotion Webpage,” with an interview article (vol. 5). The column mainly shares informative quotes from a series of interviews with an experienced individual investor, where the interviews were conducted from a novice investor’s perspective by young officials who have been with the FSA one to three years.
October 9, 2018	Establishment of the “Study Group on Japan-China Financial Cooperation” and publication of the agenda and handouts of its first meeting < Summary> Japan’s strategic private-public collaboration has become a crucial issue in terms of sustainable Japan-China financial cooperation and improvement of China’s business environment for Japanese financial institutions given China’s increasing influence in the recent global financial system and the development status of China’s financial market liberalization. In this regard, on October 5, 2018, the FSA established the “Study Group on Japan-China Financial Cooperation” to share the latest trends of financial services and markets in China and to discuss the future key issues/challenges therein by integrating Japan’s public-private efforts. The FSA will serve as a hub, wherein the Study Group will comprise experts and professionals on China’s economy and finance as well as representatives from financial institutions. The FSA held the first meeting of the Study Group on October 5, 2018, wherein the Study Group members discussed the status of China’s financial market liberalization as well as the current status and issues across the respective financial business sectors in Japan (inclusive of banks, securities companies, life and non-life insurance companies, and asset management companies), and published the agenda and handouts.
October ９, 2018	Warnings about entities that are operating money lending businesses without proper registration  < Summary> The FSA (Local Finance Bureaus) updated warnings about entities that are operating money lending businesses without proper registration. The warnings include the updated list of entities that misrepresent their registration using fictitious or stolen registration numbers.