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 Co-Chairs?

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

Mr. Alberto Tamura, Chair
IBA Japan Chair & Representative Director
President and Chief Executive Officer, Morgan Stanley Japan Holdings Co., Ltd. 

Mr. Toshiyasu Iiyama, Chair
Executive Managing Director of Nomura Holdings
Representative Director, Deputy President of Nomura Securities

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.