The Japan Financial Markets Council (JFMC) is an association which includes representatives from five Japan-based institutions and five international firms active in Japanese capital markets. Its 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.
The international firms participate through membership of the International Bankers Association of Japan (IBA Japan). The IBA Japan is a trade association representing foreign banks and associate firms based in Japan. The Secretariat of IBA Japan also acts as secretariat to the JFMC. Follow this link for more information on the staff of the secretariat.
The JFMC also works with other organizations, principally 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.