Financial Services AgencyFSA Weekly Review No.617

December 26, 2024

What’s New on the FSA Website

Week of December 13, 2024 - December 19, 2024

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

Press Conferences

December 13, 2024 Press Conference by the Minister of State for Financial Services (December 3, 2024) 
December 13, 2024 Press Conference by the Minister of State for Financial Services (November 29, 2024)

Public Comments

December 16, 2024 Publication of the finalized amendments to the "Comprehensive Guidelines for Supervision of Major Banks, etc." and other relevant and applicable Comprehensive Guidelines for Supervision and Guidelines for Administrative Processes after public consultation
<Summary>
The FSA proposed the finalized amendments to the "Comprehensive Guidelines for Supervision of Major Banks, etc." and other relevant and applicable Comprehensive Guidelines and Guidelines for Administrative Processes [hereinafter collectively referred to as the "proposal"] after public consultation.
The finalized amendments have updated the regulations* on the public inspection of public information in accordance with the "Plan for a Collective Review of Regulations in Light of Digital Principles" (provisional English title).**
The finalized amendments will be enforced or take effect on January 6, 2025.
 

* Regulations that require a visit to a public organization (meaning a national government agency, local government agency, or their equivalent organization), etc. for public inspection of public information in response to an application or without an application.

** The plan was compiled and published by the Temporary Digital Administrative Research Council in June 2022.


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

Press Releases

Policies

December 18, 2024 Publication of the "Policy Evaluation Implementation Plan for FY 2024"
<Summary>
The FSA published its PDF"Policy Evaluation Implementation Plan for FY 2024."open new window 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.

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

International

December 16, 2024 The Eighth Japan-Korea Financial Shuttle Meeting 

Publication

December 18, 2024 Publication of a research report on the promotion of customer-oriented financial advice
<Summary>
The FSA commissioned NTT DATA INSTITUTE OF MANAGEMENT CONSULTING, Inc. to conduct research, through a literature search and interviews, on advisory business for households in three countries: the United States, the United Kingdom, and Australia.
The PDFcompiled research reportopen new window is available only in Japanese.

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

Councils

December 17, 2024 Establishment of the "Networking Group on Environmental Preparation for Disclosure of Annual Securities Reports Before Annual General Meetings"
<Summary>
The FSA established the "Networking Group on Environmental Preparation for Disclosure of Annual Securities Reports Before Annual General Meetings" to share practical considerations in addressing issues and exploring specific measures for the disclosure of annual securities reports prior to annual general meetings. 
The networking group held its first meeting on December 20, 2024.

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

Banks

December 18, 2024 Publication of the Results of the Survey on Financial Institutions' Status of Introduction of Guardianship Support Deposits and Guardianship Support Trusts
<Summary>
The FSA published the Results of the Survey on Financial Institutions' Status of Introduction of Guardianship Support Deposits and Guardianship Support Trusts. The survey results reflect the data compiled as of March 31, 2024.

The original press release is available in Japanese.open new window
December 18, 2024 Publication of the “Monitoring Report for Improving Internal Audits of Financial Institutions (2024)”
December 13, 2024 Report on the measures for the resolution of failed financial institutions
<Summary>
The FSA submitted to the National Diet a report (FRC [Financial Reconstruction Commission] report) on measures for the resolution of failed financial institutions pursuant to the "Act on Emergency Measures for the Revitalization of the Financial Functions." The report covers developments between April 1, 2024, and September 30, 2024.

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

Insurance

December 13, 2024 Overview of financial results of major insurance companies as of September 30, 2024

Others

December 19, 2024 Updated list of issuers of gift certificates in repayment procedures based on the ’Payment Services Act’ (December 18)
December 19, 2024 Research report on "The Evolution of Tokenization in the Financial Sector and the Feasibility of the use of Blockchain Technology for RegTech/SupTech"

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