IMF Staff Country Reports

Japan : Financial Sector Assessment Program-Technical Note-Regulation and Supervision of Securities

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

September 18, 2017

Electronic Access:

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Summary:

Japanese securities firms consist of a very heterogeneous group of firms, ranging from major global players to purely domestic firms that conduct only limited activities. At one end, the firms include two major independent securities groups designated as Domestic Systemically Important Banks (D-SIBs) as well as the securities subsidiaries of the Japanese megabanks that are G-SIBs. Foreign-owned securities firms that are part of global G-SIB banking groups also have a significant presence in Japan, accounting for more than half of the trading value at Tokyo Stock Exchange (TSE). The rest of the almost 2,000 firms range from very small investment advisers to medium-sized firms providing Internet-based trading services to retail clients.

Series:

Country Report No. 17/284

Subject:

Financial sector Financial Sector Assessment Program Japan Securities markets Securities regulations