



Japan’s Financial Services Agency (FSA) is planning to set up a division to oversee the asset management and insurance industries, as part of its efforts to improve the sectors.
The new division would look to push along the Government’s goal of turning Japan into a global asset management hub while addressing misconduct in the insurance sector, according to documents reviewed by Bloomberg News.
The proposal will be included in the Financial Services Agency’s staffing and organisational requests for the next fiscal year, which are due by the end of August.
Under the current structure, the Supervisory Bureau oversees banks, securities firms and insurers.