Japan

Structural Regulation

Japan Unveils New Foreign Investment Rules for Consultation

By Editors | 17/03/2020

Foreign financial institutions subject to regulatory supervision are eligible for a “blanket exemption” from the pre-notification requirement.

Liquidity Risk

UPDATED – BOJ Introduces New Lending Facility, Expands Asset Purchases

By Editors | 16/03/2020

The new 8 trillion yen lending facility will offer banks one-year, zero-interest loans collateralised by corporate debt securities. The BOJ is also doubling its annual ETF purchase capacity.

Structural Regulation

BOJ, FSA Publish Findings on LIBOR Transition Progress

By Editors | 15/03/2020

About 50% of the 6.3 quadrillion yen in notional derivatives referencing LIBOR will mature after 2021, but “very few” contracts incorporate fallback provisions.

Clearing & Post-Trade

Eurex Approved to Offer Clearing Services in Japan

By Editors | 12/03/2020

The FSA licence will allow Japanese financial institutions to combine their listed and OTC euro yield curve businesses in one single place, Eurex says.

DeFi & Web3

Japan FSA Launches Global Blockchain Governance Initiative

By Editors | 11/03/2020

The initiative is in line with a G20 Osaka commitment to promote engagement between regulators and stakeholders on decentralised financial technologies.

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.