Japan Financial Services Agency publishes list of financial institutions' Emerging Manager Promotion Program initiatives

The Japan Financial Services Agency has published a list of initiatives by financial institution groups related to the Emerging Manager Promotion Program, or EMP. The release forms part of the government's policy plan for realizing an asset management nation and is aimed at supporting further measures that facilitate funding for emerging asset managers through public-private partnerships. Under that policy plan, banks, insurance companies and other financial institutions were asked to actively use emerging asset managers and not exclude them solely because they have a short business history. The published list covers EMP-related initiatives submitted by financial institutions using the agency's designated form. Financial institutions that plan to consider and implement new initiatives that contribute to EMP and want them posted on the list can submit the prescribed report form to the agency for publication.