Japan

Payments & Settlements

Japan Probes Barriers Preventing Fintechs Access to Zengin System

By Editors | 09/12/2019

Japan’s antitrust agency is looking into how banks decide fees for using the national interbank funds transfer system and whether they present an entry barrier for fintechs.

Payments & Settlements

Japan, Indonesia Agree to Local Currency Settlement for Trade, Investment

By Editors | 06/12/2019

Japan and Indonesia have agreed on a local currency settlement deal that will allow the use of the yen and rupiah to settle bilateral trade and direct investment transactions.

Conduct, Culture & Accountability

Nomura Releases New Code of Conduct for Employees

By Editors | 05/12/2019

Nomura Holdings has released a 19-point code of conduct for its employees following information leaks that subjected the firm to regulatory action.

Sustainable Finance

Japanese Pension Fund Moves Against Short Sellers

By Editors | 04/12/2019

Japan’s Government Pension Investment Fund, the world’s largest, said it will no longer allow overseas shares to be lent out from its global equity portfolio.

Structural Regulation

Japan Set to Consult on Reorganisation of TSE Boards

By Editors | 02/12/2019

The TSE will consult on the criteria for companies to move to the First Section, and measures to enhance the independence of listed subsidiaries from their parent companies.

Structural Regulation

SEBI Lists Permissible Jurisdictions for Depository Receipts Issuance

By Editors | 02/12/2019

Indian companies will be allowed to issue depository receipts on exchanges in the US, Japan, Korea, the UK, France, Germany, Canada, and India’s own international financial centre known as Gift City.

Anti-Money Laundering

Mizuho Ordered to Pay Caymans-related Back Taxes and Penalty

By Editors | 28/11/2019

The bank is disputing the penalty, saying its Caymans subsidiaries were created for as a special vehicle for fundraising, and not to conceal profits or evade taxes.

Structural Regulation

Japan FSA Reviews Proposal to Reorganise Tokyo Bourse

By Editors | 22/11/2019

The proposal would recast the TSE’s existing boards into a “prime” market for blue chips, a “standard” market for mid-tier companies and a “growth” board for startups.

Trading & Investment

Tokyo Exchange Goes Live with Upgraded Trading System

By Editors | 07/11/2019

The upgrade will reduce sudden stock price fluctuations, enable participants to more easily execute trades at closing prices, and stabilise system performance.