Financial Services Agency

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Financial Services Agency
金融庁
Kin'yū-chō
Go-shichi no kiri crest.svg
Fsa-jp-logo.gif
Kasumigaseki-Common-Gate-02.jpg
Kasumigaseki Common Gate West Building
Agency overview
FormedJuly 2000 (2000-07)
Jurisdiction Japan
Headquarters3-2-1 Kasumigaseki, Chiyodaku, Tokyo, Japan
Ministers responsible
  • Tarō Asō, Minister of State for Financial Services
  • Ryosei Tanaka, State Minister
  • Takashi Nagao, Parliamentary Vice-Minister
Agency executive
  • Toshihide Endō, Commissioner
Parent agencyCabinet Office
Websitehttp://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]

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 Present Abe

See also[edit]

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]