Japan

    Capital Adequacy

    Japan Banks to Gain Easier Access to Capital from Larger Peers

    By Editors | 05/11/2019

    Under a special measure to be launched in March, a bank’s capital-to-asset ratio will not be reduced when it invests in a struggling peer.

    Structural Regulation

    BOJ Calls for Applications from Aspiring Benchmark Administrators

    By Editors | 30/10/2019

    The BOJ committee is soliciting entities that can begin calculating and publishing term structures based on JPY overnight index swaps as prototype rates.

    Anti-Money Laundering

    FATF Begins Assessment of Japan’s AML Regime

    By Editors | 30/10/2019

    For the first time, cryptocurrency exchanges will also subject to the review, the first assessment of Japan’s AML system in 11 years.

    Market Data & Technology

    TSE to Explore New Uses for Margin Trading, Short Selling Data

    By Editors | 26/10/2019

    Data relating to margin transactions and short selling will be made available to testing participants to identify possible new applications of the data.

    Credit Risk

    BOJ Warns of Financial Risks from Easy Lending, CLO Exposures

    By Manesh Samtani | 25/10/2019

    The BOJ warns of a buildup of risks from lending to “low-return borrowers”, delayed loan restructuring, and overseas exposures to leveraged loans and CLOs.

    Capital Adequacy

    Recession Fears Prompt Japan to Stress Test Major Financial Firms

    By Editors | 22/10/2019

    The BOJ and FSA will jointly coordinate stress tests on Japan’s three G-SIBs and four D-SIBs to assess how capital and liquidity could be affected if stocks fell and the yen spiked.

    Structural Regulation

    UPDATED – Japan Cabinet Approves Tougher Foreign Investment Rules

    By Editors | 21/10/2019

    Japan’s proposal to lower the notification threshold for foreign investors has passed the cabinet and could become law by early April, with exemptions for foreign FIs.

    Structural Regulation

    Japan to Exempt Hedge Funds from Stricter Foreign Investment Rules

    By Editors | 18/10/2019

    The government reportedly intends to exempt ‘portfolio investors’ from having to seek prior approval under the proposed 1% notification threshold.

    Resolution & Recovery

    Japan, EU to Cooperate on Cross-border Resolution Planning

    By Editors | 17/10/2019

    Through an exchange of letters, Japan’s FSA and the EU’s SRB have agreed to cooperate to plan for and conduct orderly cross-border resolutions of banks.

    Anti-Money Laundering

    Japan Banks Exit Forex Business Amid AML Cost Concerns

    By Editors | 17/10/2019

    While smaller banks are exiting the foreign exchange business entirely, larger banks are raising counter service fees for overseas remittances.

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