Japan

Anti-Money Laundering

Japan FSA Orders AEON Bank to Improve AML/CFT Systems

By Manesh Samtani | 27/12/2024

The FSA said AEON Bank neglected at least 14,639 transactions detected by its surveillance system and takes too long to report suspicious transactions

Fraud, Scams & Cybercrime

JBA Directs Banks to Conduct Inspections on Safe Deposit Boxes

By Editors | 23/12/2024

The notice to banks, which lists specific examples of inspection items, is a response to the theft of over JPY 1 billion from customers’ safe deposit boxes.

Structural Regulation

Japan FSA Forms Liaison Council to Promote Earlier Issuance of Annual Reports

By Editors | 20/12/2024

The FSA said the number of listed companies that issue securities reports before their AGMs is still currently limited.

Clearing & Post-Trade

JSCC Launches Margin Simulation Tool for JPY Interest Rate Swaps

By Editors | 19/12/2024

The margin simulation tool includes cross-margining functionality covering yen IRS, 10-year JGB Futures and TONA Futures.

Market Abuse

JSDA Fines Nomura Over JGB Futures Manipulation Case

By Editors | 19/12/2024

The FSA, OSE and TSE have each already penalised Nomura Securities for JGB futures manipulation by one of its traders in March 2021.

Fraud, Scams & Cybercrime

Japan FSA Orders MUFG to File Report on Safe Deposit Box Thefts

By Sanday Chongo Kabange | 18/12/2024

The FSA ordered MUFG Bank to submit a report on the theft of customer assets from 60 safe deposit boxes by a former employee.

Market Abuse

JPX Penalises Nomura Over JGB Futures Manipulation Case

By Sanday Chongo Kabange | 17/12/2024

OSE has imposed a fine and a threeday JGB futures trading suspension on Nomura Securities while the TSE issued a reprimand.

Model Risk

Model Risk Management at Japan Banks Gaining Sophistication: FSA

By Manesh Samtani | 15/12/2024

The FSA says FIs should continue refining their model risk management frameworks, prioritising AI-specific models.

Trading & Investment

ICE and EEX Expand Offerings in Japan’s Energy Market

By Thisanka Siripala | 13/12/2024

ICE has added Japanese power futures to its product suite while EEX said it will launch Japanese power monthly options in February.