JAPAN

Securities / Derivatives

Tokyo Stock Exchange Goes Live With Trading System Upgrade

By Manesh Samtani | 05/11/2024

The changes allow bulk order cancellation, introduce a closing auction session, and extend the TSE’s trading hours by 30 minutes.

Enforcement

Japan FSA Fines Nomura Securities for JGB Futures Manipulation

By Editors | 03/11/2024

Several executives also agreed to a two-month pay cut. It was separately reported that a former Nomura Securities employee was arrested on suspicion of robbery and attempted murder.

Capital / Liquidity

Pressure Builds on Japanese Companies to Unwind Cross-Shareholdings

By Gavin Blair | 01/11/2024

As Japan pushes for unwinding, many large regional banks, have reclassified their holdings as investments, prompting scepticism from regulators.

Crypto / Digital Assets

Japan: JVCEA Becomes Self-Regulatory Body for Stablecoins

By Editors | 26/10/2024

The FSA has recognised the JVCEA as the self-regulatory body for stablecoins and fund transfer businesses, on top of its existing focus on crypto exchanges and crypto-related derivatives trading firms.

Enforcement

Japan: TSE Official & Judge Under Separate Insider Trading Probes

By Manesh Samtani | 24/10/2024

A TSE official leaked information to his relative multiple times. The judge engaged in insider trading while on temporary assignment at the FSA.

Fintech / Regtech

Wise Granted Approval to Join Japan’s Zengin Network

By Editors | 18/10/2024

Wise is the first non-bank and the first foreign financial company to be granted approval to join the Zengin payment network.

Enforcement

Japan to Penalise Nomura Securities for JGB Futures Manipulation

By Editors | 30/09/2024

In the aftermath of a penalty recommendation from the SESC, at least four companies have removed Nomura Securities from their lists of bond managers.

Enforcement

Japan FSA Issues Business Improvement Order on DMM Bitcoin

By Mark Johnston | 30/09/2024

DMM Bitcoin has until 28 October to submit plans to the FSA specifying measures to prevent a recurrence of the bitcoin theft it suffered in May.

Capital / Liquidity

Japan’s Kirayaka Bank Gets 13 More Years to Repay Public Funds

By Thisanka Siripala | 28/09/2024

Kirayaka Bank has received approval from the FSA and its parent company’s shareholders to postpone repayment of $140 mn in public funds.