Financial Services Agency (FSA) (Japan)
An agency apart
The FSA
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.
Japanese credit default swaps liquidity dries up
Trading in credit default swaps in Japan remained largely directionless this week in the absence of any significant end-client flow, and amid continued uncertainty regarding the government’s plans for the country’s ailing banks.
Japanese credit spreads widen on corporate bankruptcy fears
Credit protection on Japanese corporate debt widened this week, as a number of hard-line reformers were appointed to a banking task force committee by Heizo Takenaka, the newly appointed head of the Financial Service Agency (FSA), the country’s financial…
Japanese bank spreads tighten on possible state capital injection
Spreads on Japanese bank credit default swaps continued to tighten this week following speculation that the government may inject capital into the country's ailing banking system. The move would help banks combat their disposal of spiralling bad loans,…
DrKW gets five-day OTC derivatives trading ban in Japan
Japan's financial market regulator, the Financial Services Agency (FSA), has suspended Dresdner Kleinwort Wasserstein (DrKW) from trading over-the-counter (OTC) derivatives for five days. This follows an inspection that resulted in claims the German bank…
Japan resumes NPLs reduction drive
The Resolution and Collection Corporation (RCC), entrusted by the Japanese government to help reduce Japanese banks’ major non-performing loan (NPL) problems, has concluded its first securitisation deal this year. An RCC spokesperson said the transaction…