What’s New on the FSA Website

Week of November 12, 2021 - November 18, 2021

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

Public Comments

November 17, 2021

Publication of the finalized amendments to the "Order to Specify the Form of Identification Card Required to be Carried by the FSA's Officials in Conducting On-Site Monitoring as Prescribed in Article 36, Paragraph (1) of the Act on Damage Recovery Benefit Distributed from Funds in Bank Accounts Used for Crimes" and to the "Order to Specify the Form of Identification Card to be Carried by the FSA's Officials in Conducting On-Site Monitoring as Prescribed in Article 44, Paragraph (1) of the Act on Utilization of Funds Related to Dormant Deposits to Promote Public Interest Activities by the Private Sector" <Summary> The FSA finalized the amendments to the "Order to Specify the Form of Identification Card Required to be Carried by the FSA's Officials in Conducting On-Site Monitoring as Prescribed in Article 36, Paragraph (1) of the Act on Damage Recovery Benefit Distributed from Funds in Bank Accounts Used for Crimes" and to the "Order to Specify the Form of Identification Card to be Carried by the FSA's Officials in Conducting On-Site Monitoring as Prescribed in Article 44, Paragraph (1) of the Act on Utilization of Funds Related to Dormant Deposits to Promote Public Interest Activities by the Private Sector." The amendments mainly update the form of identification cards required to be carried by the FSA's Officials in conducting on-site monitoring at financial institutions, by abolishing official seals thereto. The amendments were enforced on November 17, 2021. (The original press release is available in Japanese at the following URL.) https://www.fsa.go.jp/news/r3/ginkou/20211117/20211117.html

November 12, 2021

FSA publishes an English translation of Principles for Model Risk Management

Press Releases

Policies

November 17, 2021	Summary from ”The JFSA Strategic Priorities July 2021-June 2022”

Councils

November 17, 2021	Publication of a summary of discussions (interim report) of the "Study Group on Digital- and Decentralized-Finance" (provisional English title) <Summary> The FSA published a summary of discussions of the past four meetings (interim report) of the "Study Group on Digital- and Decentralized-Finance" (provisional English title).  (The original press release is available in Japanese at the following URL.) https://www.fsa.go.jp/news/r3/singi/20211117.html
November 15, 2021	Publication of the agenda and handouts of the plenary meeting of the Business Accounting Council and the eighth meeting of the Accounting Committee of the said Council <Summary> The FSA published the agenda and handouts of the plenary meeting of the Business Accounting Council and the eighth meeting of the Accounting Committee of the said Council which were both held on November 16, 2021. (The original press release is available in Japanese at the following URL.) https://www.fsa.go.jp/singi/singi_kigyou/siryou/kaikei/20211116.html
November 15, 2021	Joint session of the 48th general meeting of Financial System Council and the 36th meeting of Sectional Committee on Financial System
November 12, 2021	Publication of a summary of discussions of meetings of the "Advisory Council on the Systems of Accounting and Auditing" (FY 2021) <Summary> The FSA published a summary of discussions of the past three meetings of the "Advisory Council on the Systems of Accounting and Auditing" (FY 2021) accompanied with an abridged version. The summary of discussions is based on meetings held three times from September through November 2021, in which the Working Group members comprehensively discussed necessary approaches/initiatives to ensure reliability/integrity in accounting and auditing. (The original press release is available in Japanese at the following URL.) https://www.fsa.go.jp/news/r3/singi/20211112.html

Insurance

November 12, 2021

Publication of the outline of proceedings and handouts of the second meeting of the "Council of Experts on Determination of Fire Insurance Premium Rates Based on Exposures to Water Damage Risks (Including Climate Hazard Risks)" (provisional English title) <Summary> The FSA published the outline of proceedings and handouts of the second meeting of the "Council of Experts on Determination of Fire Insurance Premium Rates Based on Exposures to Water Damage Risks (Including Climate Hazard Risks)" (provisional English title) which was held on October 5, 2021. (The original press release is available in Japanese at the following URL.) https://www.fsa.go.jp/singi/suisai/gijiyousi/20211005.html

 

Others

November 15 and 17, 2021

Request for financial measures to deal with the outbreak of highly pathogenic avian flu (HPAI) in Kumamoto, Kagoshima, and Hyogo Prefectures (The Kyushu Local Finance Bureau and The Kinki Local Finance Bureau) <Summary> The Kyushu Local Finance Bureau and The Kinki Local Finance Bureau issued the statements "Financial Measures in Response to the Report of the Subspecies of Highly Pathogenic Avian Influenza (HPAI)" to relevant financial institutions in Kumamoto, Kagoshima, and Hyogo Prefectures,* respectively on November 15 and 17, 2021. The statements request financial institutions to cooperate with prefectural authorities and appropriately deal with HPAI-affected parties (poultry farms, processors, and trade) considering their circumstances, such as by attentively responding to the needs of business management consultation and new loans or the changing of loan terms. *In terms of financial measures, Kumamoto and Kagoshima Prefectures are within the purview of The Kyushu Local Finance Bureau, whereas Hyogo Prefecture is within the purview of The Kinki Local Finance Bureau. (The original press release is available in Japanese at the following URL.) https://www.fsa.go.jp/news/r3/ginkou/20211115.html https://www.fsa.go.jp/news/r3/ginkou/20211117.html