Japan

PwC Fined $25 Million for Altering Probe Report on Japanese Bank

New York state has fined PricewaterhouseCoopers $25m and suspended some consulting work for two years after it altered a report to regulators on sanctions and money-laundering controls for Bank of Tokyo-Mitsubishi UFJ Ltd.

Japan’s Economy Needs ‘Super Regional Banks,’ Says LDP

Japan’s ruling Liberal Democratic Party will urge government to establish “super regional banks” to help revitalize the economy during the nation's unorthodox bid to beat deflation.

Japan Regulator, US CFTC to Cooperate on Regulated Entities Cross-Border Oversight

The Financial Services Agency of Japan and the US Commodity Futures Trading Commission sign a memorandum of cooperation on supervision of regulated entities.

Japan’s Financial Authorities Refuse to Intervene in Bitcoin Case

Japanese financial authorities decline to take responsibility for the crypto-currency.

Japan Regulator Seeks to Penalise Foreign Firm for Stock Manipulation

The Securities and Exchange Surveillance Commission seeks to penalise Select Vantage Inc. for stock manipulation.

Japan Brokers Seek Revamp on Savings Accounts

Japanese brokers are urging the regulator to revamp a scheme that waives taxes on investments of up to 1 million yen for five years.

Basel May Dim Japan Megabank Shareholder Hopes for Dividend Payout

Stricter capital rules under Basel III guidelines may curb the ability of Japan's biggest banks to raise dividend payout to investors in the future.

Japan Regulator Urges Smaller Banks to Mull Mergers

Japan’s Financial Services Agency has told regional banks to consider mergers and other tie-ups as part of medium- to long-term management strategies.

Japan to Urge Banks to Appoint Outside Board Members for Transparency

Japanese regulators plan to call on banks and their holding companies to appoint outside directors as members of their board to enhance transparency in management.

Japan to Implement Regulation on Financial Benchmarks