Japan’s Regulatory Bodies Crack Down on Financial Crimes
In a bid to improve transparency and predictability of regulatory actions, Japan’s Financial Services Agency (FSA) has placed a major emphasis on “Better Regulation” as a key issue for creating a more robust regulatory environment. To achieve this goal, the agency has collated and made available links to documents and materials developed by its respective divisions in charge of planning, inspection, and supervision.
Regulatory System: Laws and Regulations
The FSA’s efforts are aimed at facilitating understanding of its programs and activities, providing valuable insights into Japan’s regulatory framework for financial crimes.
Regulatory Framework
- The Principles in the Financial Services Industry
- Q&As
Inspections
- Financial Inspection Manuals
- Basic Guidelines and Policies for Financial Inspections
- Collection of Reference Cases
- Q&As
Supervision
- Supervisory Guidelines and Policies:
- Comprehensive Guidelines for Supervision of Major Banks, etc.
- Comprehensive Guidelines for Supervision of Small- and Medium-Sized Enterprises and Regional Financial Institutions
- Comprehensive Guidelines for Supervision of Insurance Companies
- Supervisory Guidelines for Small-Claims and Short-Term Insurance Businesses Operators
- Comprehensive Guidelines for Supervision of Financial Instruments Business Operators, etc.
- Guidelines for Supervision of Credit Rating Agencies
- Comprehensive Guidelines for Supervision of Trust Companies, etc.
- Guidelines for Supervision of Financial Conglomerates
- Comprehensive Guidelines for Supervision of Money Lenders
- Comprehensive Guidelines for Supervision of Credit Guarantee Associations
- Guidelines for Administrative Processes:
- Financial Companies (available in Japanese)
- Public Comments and the FSA’s views on Partial Revision of Guidelines for Supervision (available in Japanese)
- Supervisory Policies:
- Annual Supervisory Policies for Major Banks for Program Year 2008
- Annual Supervisory Policies for Regional Financial Institutions for Program Year 2008
- Annual Supervisory Policies for Insurance Companies, etc. for Program Year 2008
- Annual Supervisory Policies for Financial Instruments Business Operators, etc. for Program Year 2008
Administrative Action
- Administrative Action in the Financial Sector
- Collection of cases in which administrative action has been taken (available in Japanese)
Inquires Procedures regarding Construction of Laws and Regulations
- No-Action Letter system
- General inquiry on laws and regulations
Others
- Basel II: Japan’s New Capital Adequacy Framework (available in Japanese)
- Q&As, etc.
- Other regulatory initiatives and updates