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.
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