IMF Staff Country Reports

Japan: Financial Sector Assessment Program-Technical Note-Regulation and Supervision of Securities

Publication Date:

September 18, 2017

Electronic Access:

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Summary:

This Technical Note discusses the findings and recommendations made in the Financial Sector Assessment Program for Japan in the areas of regulation and supervision of securities firms. The supervision of the two major Japanese securities groups and the Japanese subsidiaries of global banking groups deserves special attention, given the domestic and cross-border interconnectedness of these firms. The authorities should continue to ensure that the supervisory teams for the major Japanese groups have access to sufficient number of experienced staff. It is also important to continue to enhance the existing international cooperation in the supervision of Japanese firms’ overseas operations and foreign-owned firms’ activities in Japan.

Series:

Country Report No. 2017/284

Subject:

Capital adequacy requirements Economic sectors Financial institutions Financial instruments Financial regulation and supervision Foreign corporations National accounts Private investment Securities