Japan financial regulator extends safety net on Brexit worries

Tokyo

JAPAN'S financial regulator is extending provisions that help regional financial institutions get public funds in response to risks posed by Britain's vote to leave the European Union, sources said on Tuesday.

The Financial Services Agency (FSA), the regulator overseeing banks, securities brokerages and other financial institutions, is extending by five years a programme allowing regional banks and credit unions to borrow from the public purse more easily, people knowledgeable about the matter told Reuters. The extension comes as authorities remain wary of risks posed by Brexit.