Japan

PEPs & Sanctions

Japan Makes First Arrest for Russia Export Control Violation

By Editors | 15/07/2024

A Russian national operating a trading company in Osaka was arrested for illegally exporting restricted goods to Russia via South Korea.

Credit Risk

Japan FSA Establishes Specialist Team at Kirayaka Bank

By Editors | 14/07/2024

The specialist team will provide advice to the troubled bank on management restructuring and improving its loan screening system.

Market Abuse

Japan SESC Probing MUFG Employee for Insider Trading

By Editors | 10/07/2024

The employee is suspected of divulging nonpublic information to a family member who profited from trading based on the information.

Credit Risk

JSDA Seeks to Add Protection Clauses to Corporate Bonds

By Editors | 10/07/2024

JSDA will reportedly encourage the use of change of control clauses and reporting covenants in corporate bonds with lower ratings.

Clearing & Post-Trade

Japan, Canadian Regulators Sign MoC on CCP Supervision

By Editors | 10/07/2024

The MoC will enhance cooperation in the supervision of cross-border clearing agencies operating as CCPs in Ontario and Japan.

Cryptocurrency

Defunct Crypto Exchange Mt Gox Starts Repaying Creditors

By Editors | 09/07/2024

Mt. Gox was forced to close in 2014 after a major hack. Creditors have waited 10 years for repayments, which are now expected to be completed within 90 days.

Data Privacy

Japan Issues Update on Granular Data Reporting Initiative

By Manesh Samtani | 08/07/2024

The FSA and BOJ started collecting granular data in a phased manner in fiscal 2023. Full-scale data collections will start in March 2025.

Trading & Investment

Japan: More Investors Sue MUFG Unit Over Credit Suisse AT1 Losses

By Editors | 01/07/2024

The lawsuit brings the number of plaintiffs in similar cases against Mitsubishi UFJ Morgan Stanley Securities to over 100.

Capital Adequacy

CFTC Approves Four Comparability Determinations for Foreign Jurisdictions

By Editors | 26/06/2024

Certain swap dealers in Japan, Mexico, the EU, and UK can satisfy certain US capital and financial reporting requirements by complying with home country rules.