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 ?
(13) 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 their 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.
The job of Japan's top bank regulator was shifted further to the Financial Services Agency, established in July 2000 by integrating the Financial Supervisory Agency with the ministry's Financial System Planning Bureau, a division in charge of devising policies related to banks and other financial institutions.
The Financial Services Agency will be formed by integrating the Financial Supervisory Agency and the Finance Ministry's Financial System Planning Bureau.
According to Japan's newly created Financial Supervisory Agency, as of March 31, 1998, its 954 deposit-taking institutions had a combined total of $625 billion in questionable loans - excluding an estimated $600 billion in other non-performing loans (those which haven't been serviced in at least three months).
The Public Financial Supervisory Agency (PFESA) had approved a total sum of USD15m - the mandatory minimum founding capital - to the bank to open a branch office in Juba.
The CRA requires the federal financial supervisory agencies to encourage financial institutions to help meet the credit needs of the local communities in which they operate, consistent with their 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.
But also the establishment of new bodies should carefully be examined." The association representing Germany's private sector banks helped support the "Eichel-Brown" initiative by backing Finance Minister Eichel's proposal to establish a cross-sector Federal Financial Supervisory Agency (BAFin).
30 last year after the Financial Supervisory Agency, now the Financial Services Agency (FSA), canceled its business license.
The Finance Ministry and the Financial Supervisory Agency are poised to demand 400 billion yen in public money and an additional 100 billion yen from the life insurance sector.
The Financial Supervisory Agency earlier said LTCB's balance sheets showed the bank had a capital deficit of 340 billion yen at the end of September.
on Monday obtained a license from the Financial Supervisory Agency to operate as a full-range securities house targeting individual and corporate clients in Japan beginning Tuesday, the company said.
While Meister was dominating the media, Sanio couldn't speak out publicly about why he was against putting Germany's bank supervision under the roof of the Bundesbank, or why he was in favor of establishing an integrated financial supervisory agency.
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