The is a
Japanese government agency and an integrated financial regulator responsible for overseeing
banking, securities and exchange, and
insurance sectors in order to ensure the stability of the financial system of
Japan. The agency operates with a Commissioner and reports to the Minister of State for Financial Services. It oversees the
Securities and Exchange Surveillance Commission and the Certified Public Accountants and Auditing Oversight Board. Its main office is located in
Tokyo
Tokyo (; ja, 東京, , ), officially the Tokyo Metropolis ( ja, 東京都, label=none, ), is the capital and List of cities in Japan, largest city of Japan. Formerly known as Edo, its metropolitan area () is the most populous in the world, ...
.
History
The FSA was established on July 1, 2000 by the merger of the Financial Supervisory Agency with the Financial System Planning Bureau, a bureau of the
Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance.
Lists of current ministries of finance
Named "Ministry"
* Ministry of Finance (Afghanistan)
* Ministry of Finance and Ec ...
. The Financial Supervisory Agency had been established in 1998, amid severe instability in the Japanese financial system, to conduct concentrated inspections of Japanese financial institutions in coordination with the
Bank of Japan.
The FSA was under the supervision of the Financial Reconstruction Commission (FRC) until January 2001, when the FRC was abolished and the FSA became directly subordinate to the
Cabinet Office through a State Minister.
Organization
The FSA consists of the following organizations:
* Strategy Development and Management Bureau
* Policy and Markets Bureau
* Supervision Bureau
*
Securities and Exchange Surveillance Commission
* Certified Public Accountants and Auditing Oversight Board
A portion of the FSA's inspection and supervision authority with regard to local financial institutions is delegated to Local Finance Bureaus and Local Finance Offices throughout Japan. These are organs of the
Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance.
Lists of current ministries of finance
Named "Ministry"
* Ministry of Finance (Afghanistan)
* Ministry of Finance and Ec ...
but are directed and supervised by the FSA Commissioner in this capacity.
Cabinet Ministers
See also
*
Financial Services Authority
*
Securities Commission
References
External links
*
*
2000 establishments in Japan
Government agencies established in 2000
Cabinet Office (Japan)
Japan
Government agencies of Japan
{{Japan-gov-stub