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

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
Table Of Contents
Cover -- CONTENTS -- Glossary -- EXECUTIVE SUMMARY -- INTRODUCTION -- MARKET AND REGULATORY STRUCTURE -- A. Firms Permitted to Conduct Securities Business -- B. Division of Regulatory Responsibilities -- REGULATION -- A. Prudential Requirements -- B. Organizational Requirements -- C. Segregation and Custody of Client Assets -- D. Technological Developments -- SUPERVISION -- A. Organization and Resources -- B. Registration and Authorization of New Firms -- C. Supervisory Approach -- D. Enforcement -- E. Failure of a Securities Firm -- BOX -- 1. Determination of the Capital Adequacy Ratio for FIBOs Registered for Type I Financial Instruments Business -- FIGURE -- 1. Performance Summary for JSDA Members -- TABLES -- 1. Main Recommendations on Regulation and Supervision of Securities Firms -- 2. Number and Types of Persons Conducting Securities Business -- 3. Number of Members and their Market Share in Tokyo Stock Exchange and Osaka Exchange Trading -- 4. Number of SESC Inspections and Recommendations to the JFSA -- 5. Number of JSDA Inspections and Joint JSDA and JPX-R Inspections -- ANNEX -- I. Types of Financial Instruments Business Operators
Literary Form
non fiction
Physical Description
1 online resource (45 pages)
Specific Material Designation
Form Of Item

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