Financial Services Agency

Japanese financial regulatory agency

Financial Services Agency金融庁
Kin'yū-chō

Kasumigaseki Common Gate West Building
Agency overview
Formed| July 1, 2000 (2000-07-01)
Jurisdiction|  Japan
Headquarters| 3-2-1 Kasumigaseki, Chiyoda-ku, Tokyo, Japan
Ministers responsible|

* Shunichi Suzuki, Minister of State for Financial Services
* Tatsunori Ibayashi, State Minister
* Junichi Kanda, Parliamentary Vice-Minister

Agency executive|

* Hideki Itō, Commissioner

Parent agency| Cabinet Office
Website| www.fsa.go.jp

The Financial Services Agency (金融庁, Kin'yū-chō; FSA) 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.[1] Its main office is located in Tokyo.

## History

[edit]

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. 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.[2] 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.[3]

## Organization

[edit]

The FSA consists of the following organizations:[3]

* 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 but are directed and supervised by the FSA Commissioner in this capacity.[3]

## Cabinet Ministers

[edit]

Name  | From  | To  | Prime Minister

|
|
|

Hakuo Yanagisawa | January 6, 2001  | September 30, 2002  | Mori

Koizumi

Heizo Takenaka | September 30, 2002  | September 27, 2004  | Koizumi
Tatsuya Ito | September 27, 2004  | October 31, 2005  | Koizumi
Kaoru Yosano | October 31, 2005  | September 26, 2006  | Koizumi
Yuji Yamamoto | September 26, 2006  | August 27, 2007  | Abe
Yoshimi Watanabe | August 27, 2007  | August 2, 2008  | Abe

Fukuda

Toshimitsu Motegi | August 2, 2008  | September 24, 2008  | Fukuda
Shoichi Nakagawa | September 24, 2008  | February 17, 2009  | Aso
Kaoru Yosano | February 17, 2009  | September 16, 2009  | Aso
Shizuka Kamei | September 16, 2009  | June 11, 2010  | Hatoyama

Kan

Yoshito Sengoku (acting)  | June 11, 2010  | June 11, 2010  | Kan
Shozaburo Jimi | June 11, 2010  | June 4, 2012  | Kan

Noda

Tadahiro Matsushita | June 4, 2012  | September 10, 2012  | Noda
Jun Azumi (acting)  | September 10, 2012  | October 1, 2012  | Noda
Ikko Nakatsuka | October 1, 2012  | December 26, 2012  | Noda
Taro Aso | December 26, 2012  | October 4, 2021  | Abe

Suga

Shunichi Suzuki | October 4, 2021  | Current  | Kishida

## See also

[edit]

* Financial Services Authority
* Securities commission
* List of financial regulatory authorities by jurisdiction

## References

[edit]

1. ^ http://www.fsa.go.jp/en/about/about01_menu.html Archived 2010-04-18 at the Wayback Machine Organizational chart of FSA
2. ^ "On the Establishment of the... : FSA". www.fsa.go.jp. Retrieved 2020-09-04.
3. ^ a b c "FSA Pamphlet" (PDF).

## External links

[edit]

* Official website (in Japanese)
* Official website (in English)

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