Japan

Liquidity Risk

Japan Approves Trillion-Yen Aid Package to Support Economy

By Editors | 10/03/2020

The package includes low- and zero-interest loans for the hardest hit SMEs and self-employed workers, and additional support for larger companies through public financial institutions.

Clearing & Post-Trade

JPX to Test DLT Information Sharing in Securities Post Trade

By Editors | 10/03/2020

The pilot testing will seek to address inefficiencies in the securities post-trade process that arise as a result of data and workflow mismatches between trading counterparties.

Trading & Investment

BOJ Begins Publishing Securities Financing Transaction Data

By Editors | 02/03/2020

The data is collected monthly from approximately 50 financial institutions with the largest SFT trading volume, including transactions with overseas counterparties and intra-group transactions.

Supervision & Enforcement

Japan FSA Fines Nissan $22m Over Ghosn Misconduct

By Editors | 01/03/2020

The fine is the second-highest penalty ever imposed by the FSA, and a response to 8 years of under-reported remuneration by Nissan’s former chairman Carlos Ghosn.

Operational Risk

BOJ Enquires into Banks’ Covid-19 Contingency Plans

By Editors | 28/02/2020

Risks to the banking system came into focus on Thursday when MUFG became the first major Japanese bank to report an infection.

Market Data & Technology

Japan’s Quick Corp Selected to Calculate, Publish Prototype Terms Rates

By Editors | 27/02/2020

Part of the Nikkei Group, Quick Corp will start preparing to calculate and publish prototype term rates based on JPY overnight index swaps.

Structural Regulation

Japan: New Foreign Investment Rule to Impact Up to 500 Listed Firms

By Editors | 24/02/2020

Proposed ministry orders currently being finalised will reportedly exempt a wide range of foreign financial institutions and hedge funds from the reporting requirement.

Capital Adequacy

JBA Rebuts BCBS Proposal on Sovereign Exposure Disclosures

By Manesh Samtani | 18/02/2020

The JBA said the BCBS should focus on ensuring full, timely and consistent implementation of Basel III reforms, rather than setting “fragmentary voluntary add-ons”.

Fraud, Scams & Cybercrime

Nissan Seeks Damages from Former Chairman Carlos Ghosn

By Editors | 14/02/2020

The lawsuit seeks $90mn initially, seeking to recover funds linked to fraudulent payments, as well as legal, regulatory and investigation costs already incurred by Nissan.