Ended : Workshop on Financial Supervision and Regulations (2010-2021)

The Workshop on Financial Supervision and Regulations was established in 2010 as an industry-government-university partnership forum for dialogue and information exchange on changes in financial supervision and policies around the world and in Japan. Back then, a frequently cited reason for the global financial crisis of 2007–2009 was failures in financial regulations and supervision. Once the worst of the financial crisis was over, the financial regulations and supervision have been reformed significantly at the global level. Currently, in the United States, for example, there are moves under the Trump administration to review many of the restrictions put in place, while in Europe they have not yet become firmly established, with regulations being employed in a “flexible” manner in the context of bank relief in Italy. Moreover, although it was used aggressively in fighting the financial crisis, the monetary policy becomes normalized gradually in the United States. On the contrary, in Japan, the unconventional monetary policy under the zero interest rate continues.

To address these issues appropriately, in the Workshop, information and views are exchanged among policymakers who are involved in financial regulations and supervision in Japan, representatives of major financial institutions which have global presence, and scholars who involve in debates on financial reforms. Over the years, the workshop has established itself as a forum to exchange views among industry representatives, policy makers, and scholars, in the same way as often done by major think tanks in the United States and Europe. Workshop members comprise officials from the Financial Services Agency, the Bank of Japan, representatives of six private financial institutions, and nine scholars. In order to ensure frank debate, the contents of the discussions are not disclosed.

Members

(as of October 2021)