Financial Supervisory Agency


Also found in: Acronyms.

Financial Supervisory Agency

An agency in Japan responsible for regulating securities exchanges, banks, and insurance. It has been independent of any ministry since its creation in 1998.
References in periodicals archive ?
Liquidnet Japan is headquartered in Tokyo and is regulated by the Financial Supervisory Agency of Japan.
2 position in the new agency will go to Hideichiro Hamanaka, who is currently deputy commissioner of the Financial Supervisory Agency.
30 last year after the Financial Supervisory Agency, now the Financial Services Agency (FSA), canceled its business license.
The bank and three other Japanese units of Zurich-based Credit Suisse Group AG were ordered in July 1999 by the Financial Supervisory Agency, the predecessor of the FSA, to suspend a number of operations for helping dozens of Japanese firms avoid reporting evaluation losses on assets.
At the center of the issue is how to delegate the policy-making powers over the management of financial crises and bank failures between the treasury ministry, which will succeed the MOF, and the financial agency, which will take over from the Financial Supervisory Agency.
4) Bank is supervised by the German Federal Financial Supervisory Agency on substantially the same terms and conditions as the other banks.
At the end of June, JBT received approval for the system from financial regulators, the then Financial Supervisory Agency, paving the way for JBT to launch the brokerage using its electronic trading system.
Furthermore: LDP officials extended the deadline for ending unlimited deposit insurance -- reducing the threat that many weaker regional banks and credit cooperatives might lose business or be forced to merge; the head of the Financial Supervisory Agency promised local banking constituents that he would limit the strictness of financial inspections; the government has been slow to reduce Internet hook-up fees, electricity rates, and other public fees; it has concentrated so-called `venture capital' monies on well-established large and small firms rather than on truly new start-ups; and so forth.
Noted architect Tadao Ando, who heads a committee that supports reconstruction of the area devastated by the 1995 Great Hanshin Earthquake, pianist Hiroko Nakamura, and Hideichiro Hamanaka, deputy commissioner of the Financial Supervisory Agency, have also been invited to the party.
5) The Community Reinvestment Act ("CRA") requires the federal financial supervisory agencies to encourage financial institutions to help meet the credit needs of local communities in which they operate, consistent with safe and sound operation, and requires the appropriate federal financial supervisory agency to take into account an institution's record of meeting the credit needs of its entire community, including low- and moderate-income ("LMI") neighborhoods, in evaluating a proposal under the Bank Merger Act.
But as the FSA was created on July 1 by the Financial Supervisory Agency with the Finance Ministry's financial planning functions, the council will advise the FSA commissioner.
The CRA requires the federal financial supervisory agencies to encourage financial institutions to help meet the credit needs of local communities in which they operate, consistent with safe and sound operation, and requires the appropriate federal financial supervisory agency to take into account an institution's record of meeting the credit needs of its entire community, including low- and moderate-income ("LMI") neighborhoods, in evaluating bank expansionary proposals.
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