Japan

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.

CBDCs

More Japanese Lawmakers Push for ‘Digital Yen’

By Editors | 13/02/2020

Former Ministry of Finance official Kozo Yamamoto says proposals are being drafted to make a digital yen a reality within two to three years.

AI Risk & Governance

HKEX Explores AI Use to Review Issuer Disclosures

By Manesh Samtani | 03/02/2020

In the initial stage, HKEX has applied artificial intelligence to identify listed companies’ disclosures as required by some selected rules.

Cybersecurity

Japan Prepares Cyber Response Ahead of Tokyo Olympics

By Editors | 01/02/2020

In a September BOJ survey, 60% of banks said they were unable to secure enough staff to oversee cybersecurity, raising concerns of cyber attacks leading up to the Tokyo Olympics.

Structural Regulation

Japan to Launch New Benchmark Interest Rate by Mid 2021 – Report

By Editors | 31/01/2020

From around Q2 this year, ‘reference rates’ for the new benchmark will be released as a first step, which will not be used for actual transactions.

CBDCs

Japanese Lawmakers Working on ‘Digital Yen’ Proposal – Report

By Editors | 28/01/2020

The group of lawmakers reportedly plans to submit its proposal for a ‘digital yen’ to the government as early as next month.