Latest disciplinary action follows a FSA fine earlier this year, after a dealer manipulated the JGB futures market using the firm's proprietary trading account.
The CFTC's approach to swaps regulation to date has been an over-expansive assertion of its jurisdiction, said its chairman Christopher Giancarlo in Japan this week.
According to a survey of Japanese banks, around half the members are in the process of closing bank accounts belonging to gang members, with 1300 accounts closed as of May; 4300 such accounts still remain in the banking system.
Increased use of futures in ETFs and investment trusts, while desirable to deepen futures market, has the potential to create correlation and contagion risks among asset classes where none existed before.
Central bank and finance ministry officials from China and Japan have agreed to increase dialogue and cooperation on financial supervisory and stability efforts, while opening up financial markets to each other.
FSA commissioner urges regional banks, whose profits are down 30% from 5 years ago, to explore ways to manage low interest environment, other than blaming monetary policy.
Osaka Exchange demonstrates the attributes of an established, organised exchange which is subject to continued oversight by regulators, the CFTC said.
Draft report by investigative panel says the bank’s management failed to take reasonable caution against lending malpractice involving the falsification of documents.
An information sharing network between 64 regional banks aimed at AML/CFT efforts is part of a larger legal and regulatory push in the country against money laundering in preparation for an FATF inspection.
On-site inspections revealed a lack of internal controls, inadequate governance and poor business models at exchanges.