01 May 2009, David Benyon, Operational Risk & Regulation
BRUSSELS - Representatives of Japan and the European Union (EU) have met for their annual Japan-EU high-level meeting on financial issues to discuss financial services and macroeconomic developments.
The first meeting took place between representatives of the European Commission and the Japanese Financial Services Agency (FSA) in Brussels on April 22.
Discussion focused on financial services policy developments in the EU and Japan, including the regulatory landscape for banking and securities, insurance and asset management services, in addition to accounting and auditing standards.
This is the first year the meeting has been divided into two. The second session, discussing macroeconomic issues and developments, will be held in Brussels on May 18.
Since 1985, the annual meetings have brought together the director general for economic and financial affairs and director general for internal market and services from the European Commission, in addition to the vice-minister of finance for international affairs and the deputy commissioner for international affairs from the Japanese FSA.