Japan

Clearing & Post-Trade

Japan OTC Derivatives Regime Deemed Equivalent Under EMIR

By Editors | 26/04/2019

The European Commission recognises Japan’s rules on valuation, dispute resolution and margin exchange for uncleared OTC derivative contracts as equivalent to EMIR.

Cryptocurrency

Japan FSA Raids Two Crypto Exchanges to Check Compliance

By Editors | 25/04/2019

The FSA reportedly wants to ensure appropriate measures have been implemented for customer protection and legal compliance after recent management changes.

Trading & Investment

China, Japan Sign Agreement to Facilitate ETF Cross-Listings

By Editors | 23/04/2019

The Shanghai Stock Exchange and Japan Exchange Group have signed an ETF Connectivity Agreement to streamline investment in the each other’s markets.

Cryptocurrency

Japan FSA Proposes Stronger Regulation for Crypto Assets

By Editors | 13/04/2019

In a bill to amend the law, the FSA proposes the introduction of stronger protections for investors and restrictions to prevent misconduct in the crypto sector.

Structural Regulation

Merger Benefits Diminished Under Existing JPX-TOCOM Plan

By Editors | 07/04/2019

The current plan to keep crude oil and petroleum products on TOCOM will diminish the benefits of the planned merger with JPX.

Capital Adequacy

Japan FSA Issues Proposal to Tighten Regional Bank Oversight

By Editors | 04/04/2019

The FSA will stress tests regional banks and force weaker lenders to take action to improve profitability, replace their management, or merge.

Structural Regulation

JPX, TOCOM Enter Basic Agreement to Merge by October

By Editors | 29/03/2019

TOCOM will become a wholly-owned subsidiary of JPX, and together they will launch a consolidated exchange for stocks, financial and commodity derivatives by September 2020.

Market Abuse

Citigroup Faces $1.2m Fine in Japan over Alleged JGB Manipulation

By Editors | 27/03/2019

Citigroup’s London office allegedly placed large orders in the 10-year JGB futures market outside of Japanese trading hours that were not executed, but may have mislead investors.

Capital Adequacy

CFTC Expands Margin Comparability Determination for Japan

By Editors | 27/03/2019

The amended determination for Japan finds comparability regarding the scope of entities subject to the margin requirements, and the treatment of margining for inter-affiliate transactions.