On Sep. 20, 2024, JPN FSA issued 2 public comments received and its response.
Noted that for loan loss reserves to be deducted when calculating the amount of credit extended to the same person, Large exposure regulation by Basel can be referred to.
The cabinet office ordinance will be implemented from Mar. 31, 2025.
On Jul. 5, JPN FSA proposed revisions re large exposure restrictions.
JPN FSA proposed a cabinet office ordinance partially amending the Ordinance for enforcement of the shinkin bank act, etc., with regard to large exposure restrictions.
Proposed Revisions
Stipulates those specified by JPN FSA Commissioner are excluded from the loans provided to the same person, which are recorded in the following account on the balance sheet in form 13 for shinkin banks, form 14 for shinkin bank associations.
Credit amount extended to same person may be specified by JPN FSA Commissioner.
Consultation Period
Comments shall be submitted by Aug. 5, 2024.
Sep. 2024 Ordinance Finalized
On Sep. 20, 2024, JPN FSA issued 2 public comments received and its response.
Noted that for loan loss reserves to be deducted when calculating the amount of credit extended to the same person, Large exposure regulation by Basel can be referred to.
The cabinet office ordinance will be implemented from Mar. 31, 2025.
