Improvements in the environment to ensure swift and safe money transfer, and knowing details of transactions are issues for consideration. An issue for consideration is improvement in the environment to ensure soundness of intermediaries of international financial transactions and to enable efficient capital transactions and other activities. Issues for consideration are the introduction of a market price accounting principle and improvements in the environment for netting. One of the issues for consideration is improvement in the system to enable domestic companies to make external settlements efficiently. The subcommittee put together the findings of its research trip to the United States, United Kingdom, Germany and France to study the institutional framework of their foreign exchange control systems in response to such recent developments.
Further consideration is needed regarding to the prevention of money laundering.
European countries have been lifting peace time exchange controls under their basic law equivalent to the Foreign Exchange and Foreign Trade Control Law of Japan. In many countries deposit takings and money transfers are the exclusive business of banks. There are moves, in some countries, to impose some qualification requirements on money exchangers because of money laundering. Also, in Europe there is a move to impose qualification requirements on those engaging in currency derivative transactions as a business in view of the need to protect customers and maintaining the soundness of the financial system. The United Kingdom has already introduced such restrictions.