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FISC introduction

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FISC (The Center for Financial Industry Information Systems) of Japan is a nonprofit organization established under the approval of the then Ministry of Finance in November 1984. It is supported by some 700 corporate members in Japan including major financial institutions, insurance companies, securities firms, credit companies, computer manufacturers and telecommunications companies. FISC has a close relationship with the Financial Services Agency as well.

Activities

1. Conducting research and analysis

FISC conducts research and analysis on diverse topics related to financial information systems including the following

  • payment and settlement system
  • electronic retail payment (electronic money, debit card, etc.)
  • electronic banking (Internet banking, telephone banking, home/firm banking, ATMs, etc.)
  • online insurance
  • securities settlement system
  • risk management in banking
  • electronic authentication
  • security measures for computer systems
  • information system auditing
  • personal data protection
  • protection of intellectual property rights

2. Establishing standards and guidelines

In collaboration with its member institutions, the Financial Services Agency and the Bank of Japan, FISC has established the following standards and guidelines for the promotion of security measures on financial institutions' information systems. These guidelines have been voluntarily observed by most financial institutions in Japan.

  1. FISC Security Guidelines In order to promote security measures for financial institutions, FISC established "FISC Security Guidelines on Computer Systems for Banking and Related Financial Institutions" in 1985. These guidelines were revised in 1991, 1998, 2000, 2001, 2003 and 2006. In addition, the supplement to the 7th edition was published in 2007. These are regarded as one of the guidelines in the Financial Inspection Manuals by the Financial Services Agency.
  2. FISC Information System Audit Guidelines In 1987, FISC established "FISC EDP Auditing Guidelines" for financial institutions in Japan. These were regarded as the basic standards for auditing of computer systems operation and internal controls to keep computer systems secure, reliable, and efficient. The guidelines were revised as "FISC Information System Audit Guidelines for Banking and Related Financial Institutions" in 2000 and 2007. The revised guidelines include latest issues of computer systems such as end-user computing and outsourcing.
  3. Manual for the Development of Contingency Plans Developing of contingency plans is one of the most important security measures for financial institutions. FISC published "Manual for the Development of Contingency Plans" in January 1994, which summarizes development procedures of contingency plans. This manual was revised in 2001 and in 2006 including lessons learned from earthquakes.
  4. FISC Guide for Developing Security Policy FISC developed "Guide for Developing Security Policy for Financial Institutions" in 1999, which explains organizations and procedures for developing security policies and standards. In June 2008, this guide was revised to catch up with the latest issue.

3.Exchanging knowledge and opinions on financial information systems

  1. Publishing research results FISC provides research results in Japanese in an annual report, the White Paper on Financial Information Systems, quarterly journals, and monthly newsletters. It also published the annual, English-language FISC Report, which outlines financial information systems in Japan as well as FISC's guidelines indicated above.
  2. Cooperation with other organizations In addition, FISC exchanges opinions on various issues related to financial information systems by disclosing its research and analysis results to authorities, academic organizations, and others and cooperates with such organizations in practical activities.

FISC's reports and guidelines on Japanese financial information systems are published in English.

  • FINANCIAL INFORMATION SYSTEMS IN JAPAN 2010 PDF
    Price ：¥2,000
    FISC annually publishes English reports which explain the latest trends regarding financial information systems; current conditions of computer systems and delivery channels utilized by financial institutions; the outlines of mutual networks amongst financial institutions; the outlines of FISC Security Guideline and FISC Information Systems Auditing Guidelines both of which were established by FISC; and more.
  • FISC Security Guidelines on Computer Systems for Banking and Related Financial Institutions PDF
    Price ：¥25,000
    "FISC Security Guidelines on Computer Systems for Banking and Related Financial Institutions"(7th edition) was originally issued in March 2006 and its supplement was published in March 2007.
    We translated them together for the help of developing and reviewing of security measures in your companies.
  • FISC Information System Audit Guidelines for Banking and Related Financial Institutions PDF
    Price ：¥20,000
    “FISC Information System Audit Guidelines for Banking and Related Financial Institutions (3rd edition)” was originally issued in March 2007.We translated the part of the Guidelines (Part2 Checkpoints) and issued it as “FISC Information System Audit Guidelines for Banking and Related Financial Institutions (English Version)” for reference.
  • Manual for the Development of Contingency Plans in Financial Institutions(Plans for Measures in the Event of Emergencies) PDF
    Price ：¥13,000
    "Manual for the Development of Contingency Plans in Financial Institutions(Plans for Measures in the Event of Emergencies)"(3rd edition) was originally issued in March 2006.
    We translated it for the help of developing and reviewing of your own contingency plans.

How to order FISC's English publications

  1. How to order from overseas.
    1. Click below to download order form from overseas.
      Order Form Exclusive for Orders from Overseas PDF
    2. Fill out this form and fax it to the following number.
      Fax ： +81-3-5566-1052
      ＊ Personal information is kept strictly confidential and will be used only for sending publications.
      Personal Information Protection Policy (Japanese)
    3. We will send the invoice to confirm your order by fax. Please send Grand Total Price(JPY) to our account.
      • Please confirm Grand Total Price including postage and receiving bank charge.
      • Remitting bank charge will be paid by applicant.
      • Payment in Japanese Yen only.
      • If we couldn't confirm payment within 3weeks from order, we consider the order to be canceled.
    4. We will send the items upon confirmation of payment.
  2. How to order within JapanClick below and order from Japanese page.
    How to order within Japan (Japanese)

Outline

Date of establishment November 20,1984
Fund 1,725 million yen
Number of member institutions 667 (as of March 2009)
Board of executive directors President:  Junichi Yonezawa
Board members:  17
Auditors 2
Number of the staff 38 (as of April 2009)
Organization Chart Organization Chart

Location

Map

Address 4th Floor,Sumitomo Irifune Bldg.2-1-1,Irifune,Chuo-ku,Tokyo JAPAN
Tel +81-3-5542-6060
Fax +81-3-5566-1052
E-mail infofisc@fisc.or.jp

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