The nation’s financial regulator is concerned that banks and securities companies are selling complex funds that charge high fees to individuals who may not understand the risks, and it is talking to the firms about whether the sales are appropriate. Funds that bundle investments ...
U.S. President Barack Obama called for drones to be more closely regulated Tuesday, after a “quadcopter” crashed on the White House grounds prompting a security alert. Obama told CNN that the use of commercial and recreational drones, which can now be bought for as ...
The world's richer countries created their regulatory infrastructure over generations, during a time of little direct global competition. Emerging markets need to create theirs in a greatly compressed time frame to strengthen their growth capacity.
Japan’s utilities need a “major change” in their attitude toward nuclear safety in light of the Fukushima disaster, the head of Japan’s new nuclear think tank said. George Apostolakis, a former commissioner of the U.S. Nuclear Regulatory Commission, heads the private Nuclear Risk Research ...
In the same narrow waterways where more than 300 people died this spring aboard the ferry Sewol, another ship owned by the same company crashed into an oil tanker 11 years earlier. The ferry’s captain had chosen the difficult water path to cut a ...
The ruling Liberal Democratic Party may loosen restrictions imposed to block usury and coercive lending in the consumer finance industry.
The Abe administration decided Tuesday to consider taking steps to regulate bitcoin trading, if necessary, after obtaining more information about the digital currency. But the Cabinet of Prime Minister Shinzo Abe did not say whether it will immediately seek a legal system to regulate ...
The travails of JPMorgan Chase have reopened the debate about what to do with American and European banks that are "too big to fail." The result so far is an uneven playing field.
The Nuclear Regulation Authority officially approves new safety requirements for reactors aimed at preventing disasters like the catastrophe at the Fukushima No. 1 power plant.
Diet members have set up a nonpartisan group with the aim of allowing nightclubs to stay open later. The group for the promotion of dance culture, comprised of some 60 lawmakers from both the ruling and opposition camps, intends to submit a bill to ...
The nuclear watchdog proposes requiring utilities to implement detailed measures to protect their atomic power plants from tsunami in a revision of current guidelines.
