Japan

    Market Infrastructure

    Japan Publishes Revised Corporate Governance Code  

    By JP Reimann | 04/06/2018

    Revised code urges disclosure of plans to reduce cross-shareholdings, pushes for diversity in management, including more women non-Japanese.

    AML / KYC

    Japan FSA Toughens Rules on Crypto Exchanges

    By JP Reimann | 09/05/2018

    New requirements include standards on system management, customer vetting, segregation of assets, removal of privacy coins, separation of duties.

    Fintech / Regtech

    ‘Privacy Coins’ Pose Money Laundering Risk – Japan FSA

    By JP Reimann | 03/05/2018

    Regulator is taking steps to discourage exchanges from trading privacy-focused cryptocurrencies favoured by criminals such as Monero, Dash, Zcash.

    Market Infrastructure

    Japanese Banks Respond to HK OTC Derivatives Consultation

    By Garima Chitkara | 30/04/2018

    Japanese banking association asks for 6-12 months grace for implementing LEI requirements; urges for increased incentives to encourage smaller firms to obtain LEIs.

    Capital / Liquidity

    Asia to Miss Key 2018, 2019 Basel III Deadlines – BIS report

    By Garima Chitkara | 26/04/2018

    Most Asian jurisdictions are behind on implementing counterparty credit risk measures, capital for CCP exposures as well as TLAC, IRRBB and LEX requirements.

    Capital / Liquidity

    Bank of Japan Warns of Rising Credit Costs

    By Garima Chitkara | 23/04/2018

    Banks are urged to step up credit risk management and provisioning for lending to “middle-risk” firms that hold low internal funds.

    Market Infrastructure

    HK, Japan to Connect Settlement Systems

    By JP Reimann | 19/04/2018

    BOJ-NET link with HKD CHATS will effectively eliminate the need for the US dollar as an intermediate currency in cross-border transactions.

    Capital / Liquidity

    Japan, China Urge EU Regulators to Relax Foreign D-SIB Rules

    By Manesh Samtani | 16/04/2018

    Joint letter from Japan, China banking associations say €30bn IPU threshold will make provision of financial services in the EU unsustainable for member banks.

    AML / KYC

    Japan Proposes Regulatory Framework to Legalise ICOs

    By Manesh Samtani | 09/04/2018

    Government-backed research group proposes rules for identifying investors, preventing money laundering and protecting equity and debt holders.

    Market Infrastructure

    Japan Exchange Group to Sell SGX Stake Over Three Years

    By Editors | 03/04/2018

    JPX to sell stake due to governance code requirements to explain strategic holdings, but says cooperation will continue.

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