Japan

Market Infrastructure

EU Benchmark Equivalence Regime Not Scalable: ISDA, FIA

By Manesh Samtani | 07/05/2020

While the Associations welcome the legal approach taken, they highlight that the draft equivalence decision excludes the widely referenced Nikkei and JPX benchmarks.

Crypto / Digital Assets

FSA Japan Certifies Two SROs as New Crypto Laws Take Effect

By Editors | 04/05/2020

The certifications took effect from 1 May, the same day the FSA said it would start enforcing new laws on crypto assets.

BOJ Ramps Up Support for Bond Markets, Corporate Japan

By Editors | 27/04/2020

The BOJ has removed its bond-buying cap, more than doubled its limit on corporate debt purchases, and expanded the collateral banks can pledge to include household debt.

Capital / Liquidity

BOJ Flags Financial Stability Risks from High Credit Costs, Investment Losses

By Editors | 22/04/2020

The BOJ has identified three main risks to the stability of the Japanese financial system – rising credit costs, investment losses and foreign currency funding risks.

Securities / Derivatives

Japan Extends Deadlines for Filing Securities Reports, Holding AGMs

By Editors | 18/04/2020

Japan’s FSA has extended the submission deadline for corporate securities reports to the end of September, while companies are being encouraged postpone annual shareholder meetings or hold them virtually.

Crypto / Digital Assets

FSA Japan to Enforce New Crypto Laws from May

By Editors | 07/04/2020

Changes to two pieces of legislation will ensure better investor protection, and bring custodians, ICOs, STOs and crypto derivatives under the FSA’s remit.

Securities / Derivatives

Japan: Corporates to Get Financial Support, Easier Write Down Rules

By Editors | 06/04/2020

The FSA will convene a joint council of key industry bodies to agree on easier write-down rules, while the government prepares an aid package for large corporates.

Market Infrastructure

Japan Lacks Consensus on LIBOR Replacement – Report

By Editors | 05/04/2020

About 57% of Japanese banks say TIBOR should be used, while about 70% of companies prefer to use forward-looking term rates based on TONAR.

Market Infrastructure

Bursa Malaysia Implements ISO 20022 for Corporate Announcements

By Editors | 01/04/2020

The messaging standard will transform the corporate announcements flow in Malaysia, favour interoperability with other marketplaces, and foster innovation.