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

May 13, 2024

Preview Citation

Format: Chicago

Japan: Financial Sector Assessment Program-Technical Note on Regulation and Supervision of Fintech, (USA: International Monetary Fund, 2024) accessed December 21, 2024

Summary

This technical note reviews the functioning and effectiveness of the regulation, supervision, and systemic risk monitoring of fintech in Japan. It focuses on the institutional arrangements for fintech monitoring, as well as the approach that the Japanese authorities have taken to review the regulatory perimeter around fintech-related issues, noting regulatory amendments on digital payments, banking, and crypto assets most notably. On crypto assets, the note reviews the regulatory framework in Japan, and the approach of the Financial Services Agency (FSA) to licensing and supervision of crypto exchanges. The note sets out a series of recommendations to further strengthen the domestic regulatory, supervisory, and risk monitoring frameworks.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Financial sector policy and analysis, Financial services, Financial stability assessment, Fintech, International organization, Monetary policy, Technology

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Capital markets department, Context of the Financial Sector Assessment Program, Financial stability assessment, Fintech, FSAP finding, Global, Japan FSAP, Staff team of the International Monetary Fund

Publication Details

Pages:

32
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2024/116
Stock No:

1JPNEA2024008
ISBN:

9798400274480
ISSN:

1934-7685

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