Past Events

The Japanese financial regulatory landscape— Overview of current priorities and expectations (English Session)

Mr. Haruhiko (Harry) Saito, CEO and Managing Director, TIC K.K.

Mr. Harry Saito will give an overview of some of the major regulatory issues facing firms at the moment and his views on the regulators’ latest thoughts on inspection, supervision, and policy planning. In particular he will focus on some of the current major FSA themes including expectations regarding the internal audit system, outsourcing and offshoring, liquidity management, customer data protection, and AML/KYC.

The Japanese financial regulatory landscape— Overview of current priorities and expectations (Japanese Session)

Mr. Haruhiko (Harry) Saito, CEO and Managing Director, TIC K.K.

Mr. Harry Saito will give an overview of some of the major regulatory issues facing firms at the moment and his views on the regulators’ latest thoughts on inspection, supervision, and policy planning. In particular he will focus on some of the current major FSA themes including expectations regarding the internal audit system, outsourcing and offshoring, liquidity management, customer data protection, and AML/KYC.

The new Corporate Governance Code

Mr. Koji Watanabe, Head of the Planning Group, Listing Department, Tokyo Stock Exchange KK 

The need to improve corporate governance within Japanese companies has been on the radar of the Tokyo Stock Exchange for many years.The introduction of the new Corporate Governance Code from June 2015 represents a big step forward.

A speaker from JPX will present details about the new Corporate Governance code including:

- Why JPX decided to tackle corporate governance issues in Japan.

- A summary of the latest listing framework after the new Code implementation.

- How firms are responding to these changes.

- Future developments to the Code.

This event is organised as part of a series of talks as collaboration between IBA Japan and the University of Tokyo.

Practical implementation issues associated with the Authorized OECD Approach (AOA)

Mr. Ichiro Suto, Partner, Ernst &Young Tax Co.

Mr. Yuki Sakamoto, Executive Director, EY Law Co.

Ms. Mayumi Nishikawa, Senior Manager, Ernst & Young Tax Co.

Open to: All Staff of IBA Japan member firms. Free of charge. This event will be held in JAPANESE

Until 2016, taxation of foreign corporations with branches in Japan has been based on the entire income approach. In 2010, it was agreed that the calculation of income to be attributed to a permanent establishment has to be based on the Authorized OECD Approach (AOA).

Three presenters from Ernst & Young will discuss the practical implementation issues for foreign financial institutions associated with the AOA approach including:

· Distinction between Internal Dealings and Cost Allocation;

· Details on Documentation;

· Free Capital and Non-Deductible Interest; 

· Calculation of Branch RWA;

· Classification of Head Office Account; and

· Deduction of Regulatory Capital Debt Interest.

The future of Japan - Productivity, growth and the financial industry

Mr. Vito Giudici, Director
Mr. Tasuku Kuwabara, Principal
Mr. Fumi Katsuki, Principal
McKinsey & Company Japan

The last two decades have taken a toll on Japan`s confidence and competitiveness across all sectors. With its working-age population shrinking, Japan needs to focus on productivity as never before to reignite the economy, sustain its model of social benefits and cope with the aging challenge. While continued policy reform is necessary, the private sector`s actions are critical in capturing growth opportunities.

Three experts from McKinsey & Company will present their view of the opportunities for Japan`s growth through value-added driven productivity improvement with a particular focus on the financial sector. They will address various change drivers affecting Japan including demographics, productivity, overseas expansion, and how the private sector can fire an arrow for growth on top of government`s initiatives for the future of Japan.