Japan

An FSA report which highlighted the insufficiency of Japan's pension system has been withdrawn by the government ahead of a national election.

Having failed to detect after hours spoofing by a London trader, Citigroup Global Markets Japan has been fined, ordered to improve its controls, and suspended from participating in JGB auctions.

Japan and the Philippines will explore the establishment of direct yen-peso settlement for trade and investment between the two countries.

The APAC RegTech Network seeks to enhance cross-border collaboration on regtech education and implementation across the region.

The FSA has issued a number of business improvement orders to Nomura after it was revealed that its employees had shared sensitive stock market information with clients.

The bank reportedly extended loans to persons connected to 'antisocial forces', and potentially executed over 100 fraudulent real estate loans.

The announcement follows an ETF Connectivity Agreement signed by JPX and the SSE last month, where both agreed to establish an system for cross-listings of ETFs.

The paper classifies machine learning systems into 12 types and discusses the vulnerabilities, threats and corresponding countermeasures for each, focusing on the financial sector.

The FSA will reportedly order Nomura Securities to strengthen controls and systems to prevent recurrence of a recent information leak.

T+2 settlement to go live in Japan following working group discussions and the successful completion of operational checks.