On November 1, Reiwa, the Financial Services Agency (FSA) partially revised the “Comprehensive Guidelines for Small and Medium-sized Financial Institutions and Regional Financial Institutions,” “Comprehensive Guidelines for Major Banks,” “Comprehensive Guidelines for Supervision of Affiliated Financial Institutions,” and “Comprehensive Guidelines for Supervision of Fishery Cooperative Credit Businesses” (hereinafter collectively referred to as the “Revised Bills”). ) was announced.
The proposed amendment indirectly restricts so-called managerial guarantees (in the case of money loans in which financial institutions are lenders and companies are borrowers, the management of the borrower acts as the guarantor of the loan obligations).
The revised bill is subject to public comment from 5:00 p.m. on November 1, Reiwa 4 to 12:00 p.m. on Thursday, December 1.
Read more
For more information:
Atsumi Sakai Law Office / Foreign Law Joint Enterprise Finance Practice Group
E-mail: [email protected]
