Who are members of the JFMC?

JFMC membership includes representatives from five Japan-based institutions and five international firms active in Japanese capital markets.

Who are the JFMC Chairmen?

The co-chairs of the JFMC are the representatives from BNP Paribas and Nomura.

Mr. Philippe Avril, Chairman
Chairman and Representative Director
BNP Paribas Securities (Japan) Limited
Chief Country Officer
BNP Paribas, Tokyo Branch

Mr. Yuji Nakata, Chairman
Executive Managing Director Group Entity Structure & Co-CRO
Nomura Holdings, Inc.

What is the JFMC’s relationship with GFMA?

The JFMC works with the Global Financial Markets Association (GFMA), to ensure that issues of global common interest are carefully evaluated and that industry comments are presented to policymakers in a unified manner.

What are the priorities of the JFMC?

The JFMC’s aim is to ensure that authorities deciding on regulatory initiatives that have a global impact are aware of and take into account the effect of new regulations on Japanese capital markets.

What activities does the JFMC undertake?

The JFMC monitors and comments on industry reform initiatives from the Japan financial market participant perspective. The JFMC facilitates constructive dialogue between policymakers and market participants both in Japan and abroad and provides finance industry authorities with essential insights regarding the ways in which regulatory actions will affect Japanese markets.