Summary

On December 22, 2015, the Financial System Council's Working Group on Regulation of Financial Groups issued a report. Following is a summary of the report's recommended reforms interspersed with my personal opinions.

Contents

1. Background
2. Management best practices
3. Consolidation of financial groups' common/duplicative operations
4. Investments in FinTech companies
5. Intragroup/external settlement-related services
6. Issues to be addressed further
7. Conclusion

• 

  Sadakazu Osaki

  Head of Research Center for Strategic Management and Innovation
  CMA(a member of the Securities Analysts Association of Japan)

  Head of Research Center for Strategic Management and Innovation, CMA(a member of the Securities Analysts Association of Japan)