Japan's FSA publishes study of financial systems in eight countries
Japan's Financial Services Agency has published a report on the financial systems of eight countries: the United States, the United Kingdom, the European Union, Germany, France, Singapore, China and Hong Kong. The study was commissioned from Watanabe Sakai Law Office to serve as reference material for the FSA's own financial system policy drafting. The report and a side-by-side comparison table were released on 30 October (Reiwa 8).
What does it mean?
Japan's financial regulator asked outside lawyers to study how the financial systems work in eight other countries and regions, so it could draw on that material when writing its own rules. The results were published as two PDF files: a full report of about 6,347 KB and a comparison table of about 606 KB. This does not by itself change any rules that apply to consumers or bank accounts.
Who is affected?
Mainly public officials and specialists involved in drafting Japan's financial rules. There is no direct change for the general public.
What changes?
No previous version of the rules is changed by this publication. It is a research report that may inform future policy.