regulation
During January 2025, the Financial Services Agency (FSA) met with the industry associations for major banks, regional banks, shinkin banks, trust banks, securities dealers, and investment trusts. 1. Common Topics Across Industries Several key themes emerged consistently across the FSA's discussions with different financial industry sectors: 1.1
broker/dealer
PayPay will acquire shares in PayPay Securities from SoftBank and LY Corporation, as well as subscribe to a third-party allocation of shares conducted by PayPay Securities, with the aim of further enhancing the corporate value of PayPay Securities. By becoming the parent company of PayPay Securities, PayPay aims to strengthen
securities
MUFG Bank will acquire 100% of shares of the following overseas securities subsidiaries: MUFG Securities EMEA, MUFG Securities Asia, and MUFG Securities (Canada), currently owned by MUSHD, making them direct subsidiaries of MUFG Bank. The reorganization is scheduled for July 1, 2025, subject to the completion of necessary procedures, including