UK asset management firm Legal & General Group became the first foreign firm to make use of Japan’s financial market entry consultation desk.
Papers analyses regional divergence in frameworks across Singapore, Hong Kong and Japan.
Regulator concerned rules introduced last October are not being executed consistently as regional and other smaller banks deal with increasing number of international transactions.
Final version of non-legally binding code includes several new principles for institutional investors.
Commissioner Nobuchika Mori suggests fintech will facilitate provision of ‘bespoke products to mass customers’.
Offshore HFTs must have offices in Japan; all must register with regulator, disclose risk management practices.
Traders alleged to have made extra $750,000 in profit and boosted bonuses while deliberately lying to customers.
Bonds will meet requirement that TLAC instruments be equivalent to at least 18% of RWA.