Japan

A former baseball star and member of Japan’s Parliament was allowed to continue trading derivatives despite persistent margin shortfalls over about 9 months.

The BOJ and FSA are collecting data on financial firms' holdings of collateralised loan obligations and leveraged loans to understand the risks they present.

The APAC RegTech Network was established by the regtech committees of the fintech associations of Hong Kong, Japan and Singapore in May.

The revised standards will require auditors to disclose the reasons for issuing a qualified opinion in financial statements starting from March 2020.

The TSE says internal controls at Nomura Securities were insufficient, and measures it took after a similar incident in 2012 did not seem to have improved compliance.

To encourage consolidation among struggling regional lenders, the FSA may lower deposit insurance fees paid by banks that are more financially robust.

Tech Bureau Corp – the ex-operator of hacked exchange Zaif – will become the first FSA-registered crypto exchange operator to shut down its operations.

The Tokyo Commodity Exchange has been granted approval to list electricity futures, after applying for a trial listing in March.

The security breach saw more than 38mn yen stolen from more than 800 accounts in the days after the July launch of a new mobile payment service for convenience stores.

Up to 183,000 Japan Post customers have been affected by unlawful insurance sales practices over the past five years, double the amount initially found.