Japan

Synthetic JPY LIBOR may be used if the contracting parties agree to do so, as well as in "exceptional cases" where it is difficult to proceed with negotiations.

The FSA published the principles to catalyse further development of model risk management practices in the industry and prevent risk.

The FSA will issue a new business improvement order this month over Mizuho's system glitches, one of which resulted in possible breaches of AML rules.

The BOJ is amending the limits on the interest it pays under its programme to revitalise regional banks, announced last November.

The Tokyo Stock Exchange said it plans to continue to update and improve the CONNEQTOR platform by enabling a larger variety of trading methods.

Through securities broker Tokai Tokyo, ADDX (formerly iSTOX) will offer Japanese investors access to tradeable security tokens backed by real estate and other assets.

The J-Quants project is aimed at providing a platform to help individuals learn about data-driven portfolio analysis and investment methods

The strategy highlights efforts to enhance disclosures, develop green bond markets, and ensure FIs manage climate risk and support borrowers.

The new indices will enable investors to reallocate capital based on the climate credentials and carbon performance of the constituent companies in the index.

For internationally-active banks, the new leverage ratio requirements will commence from 31 March 2023 and for other banks one year later.