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Japan’s Financial Services Agency Updates Page on Major Financial Groups’ Asset Management Efforts

The Japan Financial Services Agency (Japan financial regulator) added new initiatives and directed readers to an Excel file listing each company’s progress on asset management and governance reforms.

Summary

Japan’s Financial Services Agency (Japan financial regulator) updated its webpage covering major financial groups’ efforts to improve asset management and strengthen governance. The update adds new initiatives and points readers to an Excel file titled the status of each company’s initiatives for more detailed information. The move indicates continued disclosure around how large financial groups are addressing internal management practices and oversight standards.

Terms & Concepts
  • Governance: The system of oversight, controls, and decision-making used to manage a company and protect accountability.
  • Asset management: The business of managing investments and financial assets on behalf of clients or institutions.