The second subgroup (subgroup leader: Professor Yoshihisa Nohmi, University of Tokyo) of the Study Group on Legal Matters in Banking (established by JBA and headed by Professor Emeritus Hitoshi Maeda of Gakushuin University) published a report titled Consumer Protection in Banking Transactions in the Current Business Environment on March 21. The composition of the report is as follows.
Chapter 1: | Rules of Conduct for Banks concerning Contracts on Specific Deposits, etc. |
Chapter 2: | Duty to Provide Explanations and the Requirement for Suitability stipulated in the revised Financial Instruments Sales Law |
Chapter 3: | Review of the Bank Agent System according to the 2005 Amendments to the Banking Law – Focusing on Approval of Non-bank Agent Business Operations and Multiple Affiliate Banks |
Chapter 4: | Issues facing Insurance Sales at Banks |
Chapter 5: | Non Face-to-face Transactions – Focusing on Internet Banking |
Chapter 6: | Developments and Issues concerning Resolution System for Disputes on Financial Transactions – Focusing on Civil Action and ADR |