FSA, Japan

Japan’s regulator urged to toughen ESG rules


June 25, 2021

Japan’s financial watchdog, the Financial Services Agency (FSA), should introduce a new code of conduct for ESG data providers and build a platform to monitor ESG-related bonds, according to an …

Read More

The Financial Services Authority (FSA) has confirmed that it has commenced criminal proceedings against four former directors of iSoft Group Plc. Patrick Cryne, Stephen Graham, Timothy Whiston and John Whelan have been summonsed to appear at City of Westminster Magistrates …

Read More

The FSA’s letter to the Institutional Shareholders Committee regarding shareholder engagement was initially welcomed by many commentators although concerns were raised in some quarters at the narrow focus of the letter.

In that letter, the FSA stated that they were …

Read More

Shareholders wanting to work together on “ad-hoc governance strategies” are unlikely to fall foul of the UK’s Financial Services Authority (FSA).

In a “safe harbour” letter to the Institutional Shareholders’ Committee, the FSA’s Sally Dewar sets out how its rules …

Read More

The FSA this week introduced a new code for remuneration practices at large banks, building societies and broker dealers in the UK.  Not surprisingly, the FSA’s main objectives are to ensure that boards keep a tighter rein on the link …

Read More

Sir David Walker’s review of the governance of UK banks, commissioned by Prime Minister Gordon Brown, has published 39 recommendations aimed at improving the governance of  banks and other big financial institutions (BOFIs). The aim of the report was to …

Read More

The UK’s FSA has moved swiftly to address the market’s concerns about rights issues  timetable problems. Until mid-February 2009 the Listing Rules’ required a 21 day subscription period; this has now been reduced to 10 business days.

The new subscription …

Read More

The FSA’s new  draft code of remuneration code of practice has put good governance front and centre by insisting that remuneration is tied to effective risk management. The proposed policy is a follow-up to the letters written to the CEOs …

Read More