Market Infrastructure

Japan FSA to Relax Rules on Proprietary Trading Systems – Report

10/11/2024

The FSA plans to ease trading volume caps which restrict proprietary trading systems from employing auction-based trading methods.

AML / KYC

AUSTRAC Raises Concerns Over Outsourced AML Programmes

09/11/2024

AUSTRAC is making “significant internal changes” as part of its commitment to supporting the industry through coming AML/CFT reforms.

Capital / Liquidity

APRA to Launch System-wide Stress Test in H1 2025

08/11/2024

APRA’s Therese McCarthy Hockey said the “System Risk Stress Test” will focus on risk transmission channels between banks and super funds.

Crypto / Digital Assets

Japan to Introduce New Legislation to Safeguard Crypto Assets

08/11/2024

Legislation will require foreign-based crypto exchanges facing financial distress to maintain crypto assets belonging to domestic investors in Japan.

Market Infrastructure

Japan FSA Proposes to Open Access to Foreign Financial Services

08/11/2024

Currently, Japanese investors face certain restrictions when accessing foreign financial platforms. A proposed amendment will change this.

Enforcement

Japan FTC Fines Four Non-Life Insurers for Collusion

08/11/2024

The four insurers engaged in price-fixing activities in violation of the Antimonopoly Act, resulting in total penalties of ¥1.95bn, or $13mn.

Crypto / Digital Assets

Major Japanese FIs Call on FSA to Allow Crypto ETFs

07/11/2024

MUFJ Trust Bank, Nomura, Daiwa Securities, and bitFlyer are among calling for the introduction of crypto ETFs in Japan to enhance its global competitiveness.

Market Infrastructure

UK FCA Introduces New Transparency Rules for Bonds, Derivatives

07/11/2024

FCA also consulting on proposals to allow asset managers for pooled investment funds greater flexibility in how they pay for investment research.

ABA and Westpac Launch New Toolkit to Combat Financial Abuse

07/11/2024

The new “Safety by Design” toolkit will help banks ensure their products and services are designed to better safeguard customers from financial abuse.