Financial Services Agency

The Financial Services Agency (FSA) is Japan's government financial regulator responsible for supervising and regulating the country's banking, insurance, securities and other financial services industries. The FSA's main responsibilities include ensuring the stability of the financial system, protecting the rights and interests of consumers and investors, and promoting the sound development of financial markets. Its key responsibilities include:

Supervising financial institutions: The FSA is responsible for supervising Japan's banks, securities companies, insurance companies and other financial service providers to ensure that they comply with relevant laws and regulations and conduct compliance inspections.

Maintaining financial system stability: The FSA ensures that Japan's financial system remains stable during economic fluctuations and financial crises and prevents systemic risks through risk management and financial review.

Protecting consumers and investors: The FSA ensures the transparency and fairness of financial products and services, prevents fraud and improper behavior, and protects the interests of consumers and investors by formulating policies and regulations.

Promoting financial innovation and market development: The FSA is committed to promoting financial technology (FinTech) innovation and the openness of financial markets, promoting competition and development in the financial industry, and enhancing the international competitiveness of Japan's financial industry.

Anti-Money Laundering and Counter-Terrorism Financing: The FSA is responsible for ensuring that financial institutions comply with international and domestic standards for Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) and combating illicit financial flows.

Review and Policymaking: The FSA participates in the formulation of financial policies and ensures compliance by its member institutions through financial review and supervision, while also imposing penalties and sanctions on illegal activities.

The FSA operates under the Cabinet Office of Japan and works with international regulators to ensure that its financial regulatory framework meets international standards.