Japan

The panel says the FSA should introduce a code of conduct for ESG data providers and develop an information platform for ESG-related bonds.

Japan's Ueda Yagi Tanshi will become the first foreign firm to commence currency brokerage business in China under a fully-owned unit.

The new code seeks to enhance board independence, promote board diversity, and increase attention on sustainability and ESG issues.

A new report from a third-party committee has attributed the bank's system failures to poor corporate culture within Mizuho Financial Group.

SBI Social Lending Co solicited funds from investors with false or misleading information in lending agreements.

Foreign investors including Effissimo, Harvard Management Company and 3D Investment Partners were pressured to change their voting.

The FSA has directed FIs to formulate a plan that ensures full compliance with its AML/CFT guidelines by March 2024.

The FSA is reportedly working on rule changes that would allow banks and securities firms within the same group to share customer data.

Japan may allow SPAC listings on its markets as part of its growth strategy as early as next year.

Companies will reportedly also have to disclose how data management rules in foreign countries differ from those in Japan.