|
|
ORIX Trust and Banking
Corporation was established on April 1964 and the head office located at
Tokyo, Japan. The Bank is engaged in the provision of services including
mail-order type fixed deposits under the name Direct Deposit, fixed deposits
for Internet trading under the name e-Direct Deposit, as well as investment
trust, personal pension insurance, unsecured refunding loans, housing loans,
among others.
ORIX has a global network
that spans 27 countries and regions worldwide. ORIX is made up of 784
consolidated subsidiaries and 99 affiliates. ORIX has 1,098 offices in
Japan, with 306 locations throughout the United States, Asia, Oceania,
Europe, the Middle East and Northern Africa as of March 2011. Orix Trust and Banking Corp provides financial products and services
for individuals, local governments, mid-sized and small enterprises and
other domestic companies among other types of customers.
|
|
|
|
Trust banks are unique among Japanese
financial institutions in that they combine financing services with asset
management services. In addition to providing conventional banking
services like city banks, trust banks use their specialized knowledge
effectively to provide a broad range of financial services, via such
businesses as the trust and concurrent businesses, to accommodate the need
for more diversified and sophisticated financial and asset management
services. Japan's "Big Bang" financial deregulation program is expected to
speed up the pace of liberalization and deregulation of the financial
sector. Amid the ongoing rapid pace of change in the environment that
financial industry work in, trust banks are further strengthening their
management base by enhancing efficiency and streamlining their business
operations to attain sound development and thus make a positive
contribution to the economy.
|
In Japan, the
Financial Services Agency (金融庁, Kin'yūchō) is responsible for overseeing banking services in order to
ensure the stability of the financial system of Japan.
Bank of
Japan (BOJ) is
not a regulatory authority under the Banking Act, but it conducts
on-site examinations in order to maintain a safe and sound financial
system. These examinations are based on bilateral agreements between the
BOJ
and financial institutions that have current accounts with it under the
Bank of Japan Act.
|
|
