The Japan Financial Services Agency published the “Structured Lending Monitoring Report at Regional Banks (2026)”, summarising its monitoring of structured lending transactions that incorporate derivatives as backed securities. The report compiles issues and points of attention intended to help regional banks strengthen risk management arrangements and improve disclosure. Monitoring drew on data collected from regional banks and other institutions and assessed the status of individual firms’ initiatives. The report summarises observed approaches to structured lending and highlights marketability-related points identified so far, alongside key issues for financial institutions to address through enhanced risk management systems and disclosure. The FSA plans to continue monitoring financial institutions, hold discussions calibrated to each institution’s size and characteristics, and encourage the development of effective risk management practices and appropriate disclosure.