Japan

    Payments & Settlements

    Tokyo Stock Exchange Faces FSA Probe Over System Outage

    By Manesh Samtani | 20/10/2020

    Based on an on-site investigation and findings from JPX’s own investigative committee, the FSA will consider issuing a business improvement order.

    Cloud & Infrastructure

    Japan FSA to Debut Online Filing Platform by March 2021

    By Editors | 18/10/2020

    The FSA plans to update its ordinances and guidelines to enable a complete shift to online applications and filings by March 2022.

    Structural Regulation

    Japan Financial Hub Ambitions Centre on Three Cities – Report

    By Editors | 13/10/2020

    Prime Minister Yoshihide Suga reportedly plans to quickly address issues concerning taxation, residency requirements and language support to attract foreign talent.

    CBDCs

    BOJ to Commence CBDC Testing as Early as April 2021

    By Editors | 12/10/2020

    A proof of concept will take place over two phases, followed by a possible pilot programme involving private payment service providers and end-users.

    Capital Adequacy

    Japan: Bank Stress Tests to Use Covid-19 as Baseline Scenario

    By Editors | 08/10/2020

    The BOJ and FSA jointly stress-tested banks using a common scenario for the first time in December. This year’s stress tests will use the Covid-19 pandemic as the common scenario.

    Market Data & Technology

    JPX Forms Committee to Investigate TSE System Failure

    By Editors | 06/10/2020

    The TSE said a failure occurred in a memory module of an Arrowhead shared disk device, where operations did not switch over to a secondary device due to a device setting.

    Trading & Investment

    Osaka Exchange to Launch Petroleum Index Futures

    By Editors | 05/10/2020

    The new futures contract will be based on the CME Group Petroleum Index and launch by year-end, subject to regulatory approvals.

    Trading & Investment

    Hardware Failure Causes Full Day Closure at Tokyo Exchange

    By Editors | 01/10/2020

    The TSE apologised for inconvenience caused to investors and said it is replacing the faulty hardware. Trading is expected to resume Friday.

    Conduct, Culture & Accountability

    Japan FSA Demands Explanation for Miscounted Shareholder Votes

    By Editors | 30/09/2020

    Sumitomo Mitsui Trust and Mizuho Trust could face business improvement orders, depending on their explanations and the measures they have planned to prevent recurrence.

    Conduct, Culture & Accountability

    Sumitomo Mitsui Under Fire for Miscounting Shareholder Votes

    By Editors | 25/09/2020

    Sumitomo Mitsui confirmed that 1,139 shareholder voting forms were not counted even though they were delivered in time.

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