Firewalls

Since the 2022 amendment to firewall regulations, the issue has not been the subject of substantive deliberations within the FSA’s working groups or other official consultative forums.However, a report recently published by a study group of Diet members highlights the need for further relaxation of firewall regulations. This development suggests that discussions regarding additional regulatory easing may be commenced by the FSA in the foreseeable future, a welcome development for financial groups that run multiple entities such as banks, securities companies, asset management firms etc. under the same umbrella in other jurisdictions.(Kindly contributed by International Bankers Association of Japan)