Financial Services AgencyFSA Weekly Review No.426

February 4, 2021

What’s New on the FSA Website

Week of January 25, 2021 - January 29, 2021

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

Press Conferences

January 26, 2021 Press Conference by the Minister of State for Financial Services(December 25, 2020) Japanese versionopen new window

Public Comments

(The following public comment is available in Japanese)

January 25, 2021 Publication of the draft "Cabinet Office Order to Amend the Ordinance for Enforcement of the Banking Act, etc."open new window
<Summary>
The FSA published the draft "Cabinet Office Order to Amend the Ordinance for Enforcement of the Banking Act, etc." The proposal mainly pertains to technical amendments to appended forms of the "Ordinance for Enforcement of the Banking Act" and other applicable rules and regulations in order to reflect the accounting standards and those implementation guidances mainly in regard to fair value measurement, revenue recognition, and disclosure of accounting estimates, which were respectively updated/revised by the ASBJ (Accounting Standards Board of Japan) in 2019 or 2020, as well as the updated "Regulation on Corporate Accounting."*
 
* The "Regulation on Corporate Accounting" is within the purview of the Ministry of Justice. The updated regulation was promulgated on November 27, 2020, pursuant to an order of the Ministry of Justice (Order of the Ministry of Justice No.52 of 2020).

Press Releases

(The following press releases are available in English)

Councils

January 26, 2021 Publication of the First Report by the Working Group on Capital Market Regulations of the Financial System Council

 

Banks

January 28, 2021 FSA updated Information on COVID-19 (Novel Coronavirus)         

 

Others

January 28, 2021 PDFWhat we saw in 2020 and what we need to do in 2021 and beyond- Remarks by Himino Ryozo, Commissioner, Financial Services Agency of Japan, at the Asian Financial Forum
January 28, 2021 Updated statistics of money lending business
January 26, 2021 The 2nd Japan-China Capital Markets Forum was Held Online

 


(The following press releases are available in Japanese)

Councils

January 29, 2021 Publication of the agenda and handouts of the "Study Group on Environmental Improvement for Effective Transition Finance" (provisional English title)open new window
<Summary>
The FSA published the agenda and handouts of the first meeting of the "Study Group on Environmental Improvement for Effective Transition-Finance" (provisional English title), which was jointly held on January 27, 2021 by the FSA, the METI (Ministry of Economy, Trade and Industry), and the MoE (Ministry of Environment) to formulate basic principles for transition-finance in Japan, particularly in terms of raising funds through transition bonds, loans, etc.
January 26, 2021 Publication of the agenda and handouts of the 23rd meeting of the "Council of Experts Concerning the Follow-up of Japan’s Stewardship Code and Japan’s Corporate Governance Code"open new window
<Summary>
The FSA published the agenda and handouts of the 23rd meeting of the "Council of Experts Concerning the Follow-up of Japan’s Stewardship Code and Japan’s Corporate Governance Code," which was held on January 26, 2021.
January 25, 2021 Appointment of the Financial System Council’s committee membersopen new window
<Summary>
The FSA announced that the Financial System Council’s committee members were appointed by the Prime Minister.

 

Banks

January 29, 2021 Overview of modifications to lending conditions by financial institutionsopen new window
<Summary>
The FSA published an overview of modifications to lending conditions made by financial institutions for the period from March 10 to December 31, 2020.
January 27, 2021 Request for financial measures to deal with the outbreak of classical swine fever (CSF, a.k.a. hog cholera) in Wakayama Prefecture (The Kinki Local Finance Bureau)open new window
<Summary>
The Kinki Local Finance Bureau issued the statement titled "Financial Measures in Response to the Report of the Classical Swine Fever (CSF, a.k.a. Hog Cholera)" to the relevant financial institutions in Wakayama Prefecture. The statement requests the financial institutions to cooperate with prefectural authorities and appropriately deal with CSF-affected parties such as pig farms considering their circumstances, such as by attentively responding to the needs of business management consultation and new loans or change of loan terms.

 

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