Japan

Japan may allow SPAC listings on its markets as part of its growth strategy as early as next year.

Companies will reportedly also have to disclose how data management rules in foreign countries differ from those in Japan.

The guidelines incorporate the recommendations on disclosures from the ICMA Climate Transition Finance Handbook, which was published in December.

The missing records include information such as clients' names and bank account numbers, which are supposed to be retained for 10 years.

The December 2020 figure is down only slightly from the $27.5tr of contracts referencing LIBOR 18 months earlier at the end of June 2019.

The working group will discuss trading system resilience and functionality, a possible extension of trading hours, and the introduction of holiday trading.

Osaka Exchange and Tokyo Commodity Exchange will begin holiday trading in index and commodity futures and options in September 2022.

Longer trading hours are expected to increase participation from overseas investors, as well as local retail investors that trade after work.

Li Renn Tsai compares progress in Asia’s main trading hubs, warning of a logjam of transition-related operational work that will pile up towards year-end.

Japan will set itself apart as an active sanctioning partner in Asia and further boost the global effort to combat human rights violations, writes RUSI's Sasha Erskine.