Japan

Securities / Derivatives

Japan FSA Issues Guidance on Preventing Archegos-style Incidents

By Sanday Chongo Kabange | 24/04/2022

Firms with securities businesses are expected to draw lessons from the shortcomings observed in the Archegos incident in order to foster a sound risk culture.

Securities / Derivatives

BOJ Conducts Further Consecutive Unlimited Bond Buying

By Editors | 21/04/2022

Yields have stayed close to the upper limit of the BOJ’s tolerated trading band despite recent moves to boost its purchases of government bonds.

Fintech / Regtech

Japan FSA Publishes Research on Overseas Data Collection Platforms

By Editors | 20/04/2022

A survey of overseas authorities was conducted to inform the development of a “joint data platform” that will be used by both the FSA and BOJ.

ESG / Sustainability

FSA Issues Guidance to Japanese FIs on Using NGFS Scenarios

By Editors | 19/04/2022

The guidance will help Japanese financial institutions use of the NGFS scenarios to conduct climate-related financial risk analysis, the FSA said.

Securities / Derivatives

Japan to Remove Quarterly Reporting Requirements

By Editors | 19/04/2022

Legislation will be introduced in 2023 to remove a requirement for listed companies to provide the government with audited quarterly financial statements.

ESG / Sustainability

JPX Issues Framework for Digitally Tracked Green Bonds

By Manesh Samtani | 19/04/2022

JPX also announced a partnership with Hitachi, Nomura Securities and BOOSTRY to issue the first publicly-offered bonds under the new framework.

AML / KYC

FSA Offers Update on Work to Strengthen Japan’s AML System

By Manesh Samtani | 17/04/2022

Discussions are underway on the implementation of a new shared transaction monitoring and screening system. A new ‘beneficial ownership list system’ has been established.

Fintech / Regtech

BOJ Offers Clues on Path Forward for CBDC Issuance

By Manesh Samtani | 15/04/2022

The BOJ has commenced phase two testing on a CBDC. Later this fiscal year, it plans to seek input from the public on how a CBDC might benefit businesses and the overall payments landscape.

Enforcement

Tokyo Prosecutors Indict SMBC Nikko Securities Deputy President

By Editors | 14/04/2022

The former deputy president is suspected of colluding with other staff to illegally manipulate stock prices to keep block trade deals with clients from falling through.