Masamichi Kono to be named OECD deputy secretary-general

May 2, 2017

Masamichi Kono to be named OECD deputy secretary-general

The OECD is set to appoint Masamichi Kono, a former senior official at the Financial Services Agency, as deputy secretary-general, according to informed sources. Kono, 61, will succeed Rintaro Tamaki, 63, whose term is scheduled to expire at the end of July. Kono, an expert in ...

Nov 5, 2016

FSA policy on regional banks

The Financial Services Agency will have to thread a narrow line as it urges regional banks to boost their lending to small and medium-size firms.

Aug 24, 2016

FSA extends safety net for banks, insurers ahead of Britain's EU exit

The Financial Services Agency is extending provisions that help regional financial institutions get public funds in response to risks posed by Britain's vote to leave the European Union, sources say. The regulator, which oversees banks, securities brokerages and other financial institutions, is extending by five ...

/ Dec 29, 2014

Regional banks face stress test for ultra-low rates

The Financial Services Agency has begun stress tests on regional banks to determine how much their earnings would suffer if long-term interest rates remain near record lows under the Bank of Japan's loose money policy, according to two sources with direct knowledge of the ...

Dec 12, 2014

FSA to conduct on-site inspections of insurance agencies

The Financial Services Agency will conduct on-site inspections at about 10 agencies selling various insurance companies' products amid concerns that some agencies are leading customers to buy excessive coverage to earn higher commissions, sources said Thursday. The financial watchdog may conduct the inspections — the ...

Zombie firms pressured to act

/ Jun 6, 2014

Zombie firms pressured to act


The government is targeting stagnant companies that lack the will to grow and has drafted a plan to help institutional investors pressure them into pursuing growth more aggressively. The Financial Services Agency's Principles for Responsible Investors, better known as the Japanese version of Britain's Stewardship ...

Dec 2, 2013

Nippon Life unit faces fine

The brokerage industry watchdog was expected to recommend that the Financial Services Agency order a Nippon Life Insurance Co. subsidiary to pay a fine for insider trading on unreleased information, market sources said Monday. The Securities and Exchange Surveillance Commission was expected to make the ...

Oct 15, 2013

Get to the bottom of shady loans

The inability of Japan's third-largest bank to break the habit of approving car loans for yakuza reflects poor corporate governance and besmirches the reputation of the financial industry.