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ARTICLE · 25 APRIL 2019

New Japanese Risk Retention Rule Takes Effect On March 31, 2019

Mayer Brown
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On March 15, 2019, the Japanese Financial Services Agency (the "JFSA") published the final version of its amendment to the regulatory capital requirements ...

JapanFinance and Banking
Amanda Baker
Amanda Baker
Sagi Tamir
Sagi Tamir
Ryan Suda
Ryan Suda
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On March 15, 2019, the Japanese Financial Services Agency (the "JFSA") published the final version of its amendment to the regulatory capital requirements relating to investments by certain types of Japanese financial institutions in securitizations. The amendment adds to such regulatory capital requirements (i) a set of due diligence and information collection requirements for investments by Covered Japanese Institutions (as defined below) in securitizations and (ii) a risk retention rule for such investments.1 The amendment will take effect on March 31, 2019. To provide guidance regarding these new regulatory requirements, the JFSA published, together with the final version of the amendment, a series of responses to selected comments that it received with respect to its initial proposal of these regulatory changes2 (the "Responses to Comments")3 as well as a series of answers to frequently asked questions concerning the application of these regulatory changes (the

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