The Japanese FSA has released better regulation plans for its financial and capital markets
TOKYO – The Japanese Financial Services Authority (FSA) has published a ‘Plan for Strengthening the Competitiveness of Japan’s Financial and Capital Markets’, aimed at insulating its financial and capital markets from the drains of an ageing population and knock-on effects of a US recession.
The strategy focuses on four areas: better regulation; promoting competition; attempts to buoy investor confidence; and improving the broader market environment.
On better regulation, the FSA aims to improve its supervisory methods to enhance the transparency, efficiency and effectiveness of its supervision. This will include a drive to attract talented personnel, intensive dialogue with the industry in a bid to foster principles-based regulation, and close monitoring of market developments with effective regulatory action.
Sign up for Risk.net email alerts
Oxford professor David Vines argues that the carrot is as important as the stick
Sponsored webinar: IBM
Watch highlights of this year's London conference
Operational risk and the challenges of defining and dealing with conduct risk
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.