Japan

Regulator is taking steps to discourage exchanges from trading privacy-focused cryptocurrencies favoured by criminals such as Monero, Dash, Zcash.

Japanese banking association asks for 6-12 months grace for implementing LEI requirements; urges for increased incentives to encourage smaller firms to obtain LEIs.

Most Asian jurisdictions are behind on implementing counterparty credit risk measures, capital for CCP exposures as well as TLAC, IRRBB and LEX requirements.

Banks are urged to step up credit risk management and provisioning for lending to “middle-risk” firms that hold low internal funds.

BOJ-NET link with HKD CHATS will effectively eliminate the need for the US dollar as an intermediate currency in cross-border transactions.

Joint letter from Japan, China banking associations say €30bn IPU threshold will make provision of financial services in the EU unsustainable for member banks.

Government-backed research group proposes rules for identifying investors, preventing money laundering and protecting equity and debt holders.

JPX to sell stake due to governance code requirements to explain strategic holdings, but says cooperation will continue.

Project Stella phase two study suggests distributed ledger technology offers novel approach for cash settlement of securities, but requires further study.

System from Hitachi and NEC will identify potential unfair trading, but humans will still be relied on to interpret data.