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Market Infrastructure
Japan Delays Pension Reform Amid Political Fallout
By Editors | 13/06/2019
An FSA report which highlighted the insufficiency of Japan’s pension system has been withdrawn by the government ahead of a national election.
Enforcement
UPDATED – Citigroup Japan Fined, Ordered to Improve Internal Controls
By Editors | 10/06/2019
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.
Market Infrastructure
Japan, Philippines Explore Yen-Peso Direct Trading
By Editors | 03/06/2019
Japan and the Philippines will explore the establishment of direct yen-peso settlement for trade and investment between the two countries.
AML / KYC
HK, Singapore, Japan Associations Launch APAC RegTech Network
By Manesh Samtani | 03/06/2019
The APAC RegTech Network seeks to enhance cross-border collaboration on regtech education and implementation across the region.
Enforcement
Japan FSA Takes Action Against Nomura Over Information Leak
By Editors | 29/05/2019
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.
AML / KYC
Japan FSA Orders Seibu Shinkin Bank to Improve Loan Screening
By Editors | 27/05/2019
The bank reportedly extended loans to persons connected to ‘antisocial forces’, and potentially executed over 100 fraudulent real estate loans.
Securities / Derivatives
Sino-Japan ETF Connect Launched; Six Cross-Border ETFs Approved
By Editors | 27/05/2019
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.
Fintech / Regtech
BOJ Paper Considers Security Risks of Machine Learning Systems
By Editors | 27/05/2019
The paper classifies machine learning systems into 12 types and discusses the vulnerabilities, threats and corresponding countermeasures for each, focusing on the financial sector.
Enforcement
Japan FSA to Issue Improvement Order Against Nomura
By Editors | 24/05/2019
The FSA will reportedly order Nomura Securities to strengthen controls and systems to prevent recurrence of a recent information leak.
Market Infrastructure
Japan T+2 Settlement to Start on 16 July
By Editors | 23/05/2019
T+2 settlement to go live in Japan following working group discussions and the successful completion of operational checks.
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