Cryptocurrency

Japan FSA Considers Tightening Regulations For Crypto

27/11/2024

The FSA is conducting closed door discussions to explore regulating crypto assets as financial products under the Financial Instruments and Exchange Act.

Market Abuse

Japan Supreme Court Issues Rare Directive on Insider Trading

27/11/2024

The directive is a response to a case involving a judge who allegedly used confidential information obtained through his role to profit from stock trading.

AI Risk & Governance

Japan FSA Using AI to Streamline Operations and Improve Efficiency

26/11/2024

The FSA introduced a system that can quickly search through documents held by different departments and then summarise their contents.

Fraud, Scams & Cybercrime

MUFG Bank Faces Fallout Over Theft by Former Employee

26/11/2024

Over four and a half years, a manager opened the safety deposit boxes of approximately 60 people and stole their assets.

Cryptocurrency

Japan’s FSA to Introduce Lighter Regulations for Crypto Brokers

26/11/2024

The FSA is exploring the creation of a new “intermediary business” with lighter regulations for enterprises handling cryptocurrency and stablecoins.

Structural Regulation

Japan Announces $250B Economic Stimulus Package

26/11/2024

The stimulus package includes increases to the annual income tax free threshold in order to boost disposable incomes.

Conduct, Culture & Accountability

ASIC Updates Guidance to Support Reforms Under DBFO Act

26/11/2024

ASIC issued new and updated regulatory guidance in response to the DBFO Act, which was enacted to improve transparency and consumer protections in financial services.

Sustainable Finance

Australia Unveils Strategy to Modernise Sovereign Wealth Fund

24/11/2024

The government is refreshing and renewing the Future Fund to make it “stronger, more successful and more sustainable into the future”.

Cybersecurity

EU Cyber Resilience Act Published in Official Journal

23/11/2024

Non-compliance can result in fines up to 2.5 percent of the offender’s total worldwide annual turnover for the preceding financial year.