Foreign financial institutions subject to regulatory supervision are eligible for a “blanket exemption” from the pre-notification requirement.
The new 8 trillion yen lending facility will offer banks one-year, zero-interest loans collateralised by corporate debt securities. The BOJ is also doubling its annual ETF purchase capacity.
About 50% of the 6.3 quadrillion yen in notional derivatives referencing LIBOR will mature after 2021, but "very few" contracts incorporate fallback provisions.
The FSA licence will allow Japanese financial institutions to combine their listed and OTC euro yield curve businesses in one single place, Eurex says.
The initiative is in line with a G20 Osaka commitment to promote engagement between regulators and stakeholders on decentralised financial technologies.
The package includes low- and zero-interest loans for the hardest hit SMEs and self-employed workers, and additional support for larger companies through public financial institutions.
The pilot testing will seek to address inefficiencies in the securities post-trade process that arise as a result of data and workflow mismatches between trading counterparties.
The data is collected monthly from approximately 50 financial institutions with the largest SFT trading volume, including transactions with overseas counterparties and intra-group transactions.
The fine is the second-highest penalty ever imposed by the FSA, and a response to 8 years of under-reported remuneration by Nissan's former chairman Carlos Ghosn.
Risks to the banking system came into focus on Thursday when MUFG became the first major Japanese bank to report an infection.