Financial Services AgencyFSA Weekly Review No.612

November 21, 2024

What’s New on the FSA Website

Week of November 8, 2024 - November 14, 2021

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

Press Releases

International 

November 13, 2024 Exchange of Letters on Cooperation in the area of banking resolution with the Korea Deposit Insurance Corporation (KDIC)

Publication

November 8, 2024 PDFFSA publishes English translation of monthly magazine, Access FSA No.252

Councils

November 11, 2024 The second meeting of the Expert Panel on the Stewardship Code (2024)
November 8, 2024 Publication of the finalized “Venture Capitals: Recommendations and Hopes” (VCRHs)

Banks

November 11, 2024 Updated web portal for information on key takeaways of business support methods for respective industries launched at TEIKOKU DATABANK, Ltd.
<Summary>
The FSA has been implementing a project (commissioned to TEIKOKU DATABANK, Ltd.) to enhance and instill in the financial sector the use of key takeaways of "Business Support Methods for Respective Industries" (published in March 2023 and in March 2024), aimed at encouraging on-site personnel of regional financial institutions to enhance their ability to provide efficient financing and consulting services for corporate clients (corporate borrowers) by business sector type. 
In this regard, on November 11, 2024, TEIKOKU DATABANK, Ltd. updated its web portalopen new window (trial version) of "Business Support Methods for Respective Industries" compiled for use in nursing care and lodging sectors to invite comments* on it.
 

*This invitation of comments is being conducted by TEIKOKU DATABANK, Ltd. as part of a project commissioned by the FSA and is not subject to public consultation conducted by the FSA under the "Administrative Procedures Act."


The original press release is available in Japanese.open new window
November 11, 2024 Request for financial measures to deal with disasters caused by the heavy rain from November 8, 2024 (The Kyushu Local Finance Bureau)
<Summary>
The Kyushu Local Finance Bureau alongside Kagoshima Branch of the Bank of Japan issued a statement titled "Financial Measures to Deal with Disasters Caused by the Heavy Rain from November 8, 2024" to the relevant financial institutions.

The said statementopen new window (available only in Japanese) requests financial institutions in Kagoshima prefecture* to appropriately deal with victims of the disaster considering their circumstances, such as by making the repayment of deposits flexible. 
 

* Matters related to financial measures in Kagoshima prefecture fall within the purview of the Kyushu Local Finance Bureau. 
Disaster-affected areas in the said prefecture are currently subject to the "Disaster Relief Act." If more areas in the prefecture become subject to the said Act, financial institutions in the prefecture will be requested to take measures in the same manner as above accordingly.


The original press release is available in Japanese.open new window
November 8, 2024 Publication of statistics regarding unlawful reimbursement of deposits (as of the end of June 2024)
<Summary>
The FSA published statistics regarding unlawful reimbursement of deposits caused by counterfeit and stolen cash cards, stolen deposit books, unlawful Internet banking activities and linked services. The statistics include details of incidents and compensation made by financial institutions based on reports from the financial institutions.

The original press release is available in Japanese.open new window

Others

November 12, 2024 Publication of the finalized amendments to the EDINET Taxonomy – 2025
<Summary>
The FSA finalized the amendments to the EDINET Taxonomy – 2025. The finalized amendments reflect the revision of the disclosure regulations and accounting standards.

The original press release is available in Japanese.open new window
November 11, 2024 Stewardship Code : 330 institutional investors have signed up to the Principles for Responsible Institutional Investors as of September 30, 2024
November 8, 2024 The updated statistics of money lending business
November 8, 2024 Publication of the finalized “Venture Capitals: Recommendations and Hopes” (VCRHs)
November 8, 2024 Publication of the FY 2024 edition of the reference casebook of good practices on the disclosure of narrative information, mainly in regard to perspectives and initiatives for corporate sustainability
<Summary>
The FSA has been publishing a series of reference casebooks of good practices on the disclosure of narrative information to encourage corporate initiatives to accumulate and instill good practices toward the enhancement of disclosure of narrative information.

The FSA has newly published the FY 2024 edition of the reference casebook of good practices on the disclosure of narrative information, a compilation of good practices in the disclosure of corporate sustainability*-related concepts and initiatives disclosed in annual reports, including "Overall Requirements" and "Other specifics."

The FY 2024 edition of the reference casebook has been compiled by the "Study Group for Collecting Good Practices on Corporate Disclosure of Narrative Information Based on the Principles Regarding the Disclosure of Narrative Information,"** and it shares the latest collection of favorable practices on the disclosure of narrative information mainly in terms of corporate sustainability. (Updates to the casebook are made as deemed necessary).
 

* Corporate disclosure of sustainability information is a key corporate disclosure element that has been gaining focus and interest in society lately. Relevant initiatives to enhance corporate disclosure of sustainability information are encouraged through amendments to the Corporate Governance Code and other measures.

** The Study Group is to bring investors, analysts, experts, and representatives from listed companies together to update the reference casebook.


The original press release is available in Japanese.open new window

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