Financial Services AgencyFSA Weekly Review No.489

May 19, 2022

What’s New on the FSA Website

Week of May 6, 2022 - May 12, 2022

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

Press Releases

International

May 10, 2022 The FSA to sponsor International Symposium on Sustainable Finance in May

Councils

May 9, 2022 The Council of Experts Concerning the Follow-up of Japan's Stewardship Code and Japan's Corporate Governance Code: The Twenty-Seventh Council 

Banks

May 11, 2022 Request sent to financial associations in the public and private sectors to ensure the facilitation of financing for corporate borrowers in response to the government's decision to implement comprehensive emergency measures to address soaring crude oil prices and other commodity prices
<Summary>
In response to the government's decision made on April 26, 2022, to implement comprehensive emergency measures to address soaring crude oil prices and other commodity prices (while businesses can be facing difficult cash flow conditions with tight borrowing constraints against the backdrop of the heightened socioeconomic and geopolitical uncertainties due to the prolonged impacts of COVID-19 and the situation surrounding Ukraine), the FSA alongside the relevant ministries and agencies jointly requested financial associations in the public and private sectors to ensure the facilitation of financing for corporate borrowers, by providing an attentive and swift response to the needs of the respective business entities.

The original press release is available in Japanese at the following URL.
https://www.fsa.go.jp/news/r3/ginkou/20220511.htmlopen new window

Others

May 12, 2022 Updated list of issuers of gift certificates in repayment procedures based on the "Payment Services Act"
May 12, 2022 Publication of a discussion summary with relevant presentation handouts of a panel discussion held at "RE:ing/SUM (Regional Banking Summit) – A Future Created on the Power of Regional Finance [provisional English subtitle]"
<Summary>
The FSA published a discussion summary with relevant presentation handouts of a panel discussion held at "RE:ing/SUM (Regional Banking Summit) – A Future Created on the Power of Regional Finance [provisional English subtitle]"* on the theme titled, "Seven Things Regional Financial Institutions Can Do to Help Alleviate Child Poverty" (provisional English theme title) [broadcasted on NIKKEI CHANNEL on February 12, 2022].
The panel discussion was arranged by a self-initiated working team of the FSA's officials (working team title, "Open Policy Laboratory for Financial Inclusion" [provisional English team title]) under the FSA's "Open Policy Laboratory."**
Prior to the panel discussion, the working team conducted a series of interviews with financial institutions, NPOs, and other ministries and agencies from the perspective of what financial policymakers/designers (the FSA and other relevant authorities) and professionals/practitioners in the financial sector can do to alleviate poverty (especially child poverty).
Based on such series of interviews, the panelists from NPOs and regional financial institutions shared in the said panel discussion their respective initiatives that have been taken so far and are to be taken to address child poverty, their views on ways to collaborate with financial policymakers/designers (the FSA and other relevant authorities), and points regional institutions should keep in mind in implementing poverty alleviation activities.
 

*　This summit was jointly held online along with "Nikkei Regional Revitalization Forum" by the FSA and Nikkei Inc. from February 11 through 26, 2022.

** "Open Policy Laboratory" was launched by the FSA in Program Year 2018 as a platform for its officials to make self-initiated policy proposals, aimed at actively incorporating new insights and ideas from the officials, and linking them to the formulation of new and unique policies.


The original press release is available in Japanese at the following URL.
https://www.fsa.go.jp/common/about/kaikaku/openpolicylab/kinyuuhousetu.htmlopen new window
May 9, 2022 Vitrtual Meeting of the International Forum of Independent Audit Regulators (IFIAR) 

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