An agency apart
The Financial Services Agency has more than its share of critics, thanks to controversial regulations and its handling of the banking crisis. A senior official at the agency talks about what lies ahead. By Ellen Leander
Perhaps no regulatory organisation has courted more controversy than Japan’s Financial Services Agency (FSA). Formed initially in June 1998, the FSA has earned a fearsome reputation among Tokyo’s international investment banks, which are often publicly humiliated by the agency for a range of violations. In contrast, the agency has been less than ferocious over the past 12 months when it came to
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