19 Feb 2008, David Benyon, Operational Risk & Regulation
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.
© Incisive Media Investments Limited 2013, Published by Incisive Financial Publishing Limited, Haymarket House, 28-29 Haymarket, London SW1Y 4RX, are companies registered in England and Wales with company registration numbers 04252091 & 04252093