IBA Japan congratulates the Japanese Financial Services Agency (FSA) and the Certified Public Accountants and Auditing Oversight Board (CPAAOB) in their successful bid to host the new permanent secretariat for the International Forum of Independent Audit Regulators (IFIAR) in Tokyo. So many international regulatory bodies are concentrated in the U.S. and Europe and we are pleased that this body is being placed in Asia.
Today IBA Japan welcomed Mr. Kiyotaka Sasaki, Secretary General of the Japanese Securites and Exchanges Surveillance Commission to deliver a speech to our members. In a packed JP Morgan Centre he presented the current challenges and objectives of the SESC.
IBA Japan member firms may want to highlight to their colleagues and other investors based in New York and Toronto, an opportunity to hear from a range of senior Japanese government and regulatory officials as well as expert analysts and other major players in the Tokyo market.
The Japan Securities Summit 2016 will take place in New York on 10th March.
The FSA has published the final short selling regulations together with answers to public comments.
http://www.fsa.go.jp/news/25/syouken/20130821-3.html (Japanese only)
On September 28th BOJ Governor Kuroda gave a speech to a gathering of business executives in Osaka. Full record here:
https://www.boj.or.jp/en/announcements/press/koen_2015/data/ko150928a1…
The Japan Financial Markets Council (JFMC) and the International Swaps and Derivatives Association (ISDA) sent a letter to IOSCO and BCBS pointing out how the current margin settlement requirements for uncleared swaps will disadvantage Japan and Asian markets because they are in a different time zone. The T+1 requirement will place an additional burden on market participants in the Asia-Pacific region including their access to types of collateral which may result in higher overall funding costs.
The full speech of Commissioner Mori can be found at this link:
http://www.fsa.go.jp/common/conference/danwa/20151125/01.pdf
