In this area, as well, the Commission has interpreted the exception in a manner that is inconsistent with the language and purposes of the act and that prevents or significantly disrupts the customary banking relationships and activities that Congress sought to preserve.
Against this background, the Bank of Japan launched and conducted a new survey called the Market Functioning Survey concerning Climate Change.2 Compared with previous surveys, the Market Functioning Survey is unique in collecting responses from a broad set of market participants, not only financial institutions but also business firms and rating agencies.