JFSA Updates Guidance and Financial Intermediation KPIs for Banks
The Financial Services Agency of Japan (JFSA) partially revised the "comprehensive supervision guidelines" for major banks and for financial instrument business operators. The revised guidelines became applicable from September 01, 2021. Also published was the feedback received on the draft guidelines that were in public consultation from June 18, 2021 to July 19, 2021. In another update, JFSA finalized amendments to the "comprehensive supervision guidelines for small and medium-size and regional financial institutions," which took effect on August 20, 2021. Also published was the feedback received on the draft guidelines for small and medium-size and regional financial institutions. The consultation on the draft guidelines took place from July 08, 2021 to August 09, 2021. Finally, JFSA also updated the list of key performance indicators, which it had set forth in September 2019, to reflect the efficiency of financial intermediation by financial institutions (including major banks and regional banks).
Keywords: Asia Pacific, Japan, Banking, SME, Financial Intermediation, KPI, Guidance, JFSA
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