LEGAL STATUS
Our Legal Status and Independence
Federal Reserve Board Global Corporation (FRBG) is an independent private-sector corporation organized under the laws of Japan.
FRBG is a separate and distinct legal entity from the Board of Governors of the Federal Reserve System, the Federal Reserve System, the Federal Reserve Banks, the United States Government, the Government of Japan, the Bank of Japan, the Financial Services Agency of Japan, the Securities and Exchange Surveillance Commission, and any other central bank, government, administrative authority, or financial regulatory or supervisory authority in Japan or elsewhere.
FRBG is not a part of, affiliate of, branch of, agent of, contractor for, authorized institution of, or Japan-based office or representative of any such organization or authority.
Nothing in FRBG’s name, activities, publications, communications, or services should be understood to imply that FRBG has received any official approval, accreditation, endorsement, support, authorization, or delegation of authority from the U.S. Federal Reserve System or any other public institution.
FRBG may refer to and study information, policies, institutional frameworks, and other materials published by central banks, government agencies, financial institutions, research institutions, and other organizations. Such reference or research does not indicate or imply any organizational, financial, official, or other institutional relationship with those organizations.
MANAGEMENT & OVERSIGHT ACTIVITIES
The terms “management and oversight services,” “Oversight,” “Monitoring,” “Review,” “Assessment,” “Verification,” and similar terms used by FRBG in connection with international financial and securities markets refer to activities
conducted by FRBG as a private-sector corporation, including research, monitoring, analysis, assessment, review, information services, consulting, institutional design support, and policy or institutional proposals.
Unless FRBG is separately granted specific authority pursuant to applicable law or other valid legal authority, FRBG does not possess governmental supervisory authority, authority to inspect or examine financial institutions, investigative authority, authority to impose administrative sanctions or other governmental measures, authority to determine monetary policy, central banking authority, authority to issue legal tender, or any other governmental or sovereign power.
CENTRAL BANKING & CURRENCY SYSTEMS
Services relating to the establishment, institutional design, organizational development, or operation of central banking systems refer to private-sector research, consulting, technical assistance, and other professional support
provided subject to the sovereignty, constitutional framework, and applicable laws of the relevant country or jurisdiction, as well as the decisions of its duly authorized government, central bank, or other competent authorities.
Services relating to currency issuance systems, banknote issuance systems, and banknote issuance support likewise refer to institutional, technical, research, and other professional support provided to duly authorized issuing authorities or entities in the relevant country or jurisdiction. Such services do not mean or imply that FRBG itself possesses the authority to issue the legal tender of any sovereign state or jurisdiction.
COMPLIANCE WITH APPLICABLE LAWS
FRBG conducts its activities in compliance with applicable laws and regulations in Japan and in each country or jurisdiction in which it operates.
Where any activity requires a license, registration, filing, notification, authorization, or other regulatory procedure, FRBG conducts such activity only to the extent permitted after completing the procedures required under applicable law.
INDEPENDENCE
FRBG studies financial and economic systems from an independent private-sector perspective and seeks to connect the resulting knowledge and insights to society, institutions, and business.
That is our role.