Japan

Operational Risk

Mizuho Head to Turn Down JBA Chairmanship – Report

By Editors | 14/04/2021

Mizuho Financial Group president and group CEO Tatsufumi Sakai was due to take over as JBA chairman on 1 April.

Operational Risk

Nomura Establishes Internal Team to Probe Archegos Loss

By Sanday Chongo Kabange | 13/04/2021

Nomura has set up the team to look into the bank’s risk management practices. It plans to disclose details of Archegos loss in late April.

Reporting & Disclosures

New TSE Chief Eyes ESG Focus In Reorganisation Plan

By Sanday Chongo Kabange | 12/04/2021

Chief executive Hiromi Yamaji says the TSE will urge companies to step up efforts on ESG issues based on their market classification.

Sustainable Finance

Japan Consults on Climate Transition Finance Guidelines

By Manesh Samtani | 12/04/2021

The guideline has been drafted in accordance with the Climate Transition Finance Handbook published by ICMA in December.

Reporting & Disclosures

Japan FSA Issues Proposal to Revise Corporate Governance Code

By Manesh Samtani | 07/04/2021

The changes will improve board independence, promote board diversity, and enhance climate-related and ESG disclosures by top-tier listed companies.

Anti-Money Laundering

Japan Crypto Industry to Adopt Travel Rule by April 2022

By Sanday Chongo Kabange | 07/04/2021

The FSA has written to the JVCEA advising it to start preparing for the implementation of the travel rule in Japan’s crypto industry.

CBDCs

Japan Starts Testing Central Bank Digital Currency

By Sanday Chongo Kabange | 07/04/2021

The first phase of testing will involve experiments on the basic functions of the CBDC as a payment instrument.

Cloud & Infrastructure

Mizuho May Seek Compensation from Hitachi for System Glitch

By Editors | 07/04/2021

The delay of 263 transactions for corporate clients was said to be caused by a malfunction in a disk storage device made by Hitachi.

Market Data & Technology

Japan to Start Publishing TORF Production Rates from 26 April

By Editors | 07/04/2021

QUICK Benchmarks, formed in January 2021, has been publishing TORF prototype rates weekly since May 2020 and daily since October 2020.