Financial Services Agency English-speaking team to be newly established Toward "establishment of an international financial city" November 5, 4:30
Toward the government's goal of "establishing an international financial city," the Financial Services Agency will be able to respond in English to consultations and registration applications when overseas funds open bases in Japan. We have decided to set up a specialized team.
With the enforcement of the "Hong Kong National Security Law" to crack down on anti-government movements in Hong Kong, it is expected that financial institutions and human resources will be transferred, but the government has added "International financial city" to this "basic policy". Aiming to establish. "
However, in order to realize it, how to remove the language barrier is a big issue, so the Financial Services Agency will collaborate with the Kanto Finance Bureau and others, and in January next year, a new specialized team of staff with excellent English proficiency will be established. Has also decided to establish a policy.
Initially, the specialized team will start with about 10 people, and all procedures such as consultation and registration application when an overseas fund opens a base in Japan will be handled in English.
In addition, even after the establishment of the base, a specialized team will be in charge of supervising overseas funds, so that we will be able to centrally carry out operations in English.
The Financial Services Agency is also considering simplifying the procedures required for overseas funds to expand into Japan, and intends to improve the environment for accepting overseas financial institutions from both the perspective of strengthening the organizational structure and reforming the system. is.