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 version

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." <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	What 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) <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" <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 members <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 institutions <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) <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.