JAPAN

    AML / KYC

    Japanese Police Probe Thefts from NTT Docomo E-money Service

    By Editors | 11/09/2020

    NTT Docomo reportedly did not notify many of its partner banks after similar thefts last year, a warning which may have allowed them to bolster authentication protocols.

    Fintech / Regtech

    Tokyo Bourse, IHS Markit to Combine Securities Finance Data

    By Sanday Chongo Kabange | 08/09/2020

    The combined dataset will provide five years of historical short selling and stock loan data covering Japanese equities for use in portfolio analysis and construction.

    Securities / Derivatives

    TOCOM Seeks Market Makers for Electricity Futures Contracts

    By Sanday Chongo Kabange | 07/09/2020

    The market maker programme will ensure smooth execution of transactions and improve liquidity in the electricity futures market.

    Securities / Derivatives

    Tokyo Stock Exchange to Pilot Test RFQ Functionality

    By Editors | 01/09/2020

    The initiative is aimed at making ETF trading more efficient by connecting institutional investors, securities companies, and market makers more closely.

    Securities / Derivatives

    CSRC Approves Daiwa for Majority Owned Securities Joint Venture

    By Editors | 31/08/2020

    Daiwa will own 51% of the securities joint venture through which it will be seeking licences to provide brokerage, investment banking, and securities underwriting services.

    Market Infrastructure

    Japan FSA to Ease Administrative Procedures for Foreign Entrants

    By Editors | 30/08/2020

    The FSA will soon release financial administration guidelines setting out measures that may make it easier for foreign firms to set up in Japan.

    Capital / Liquidity

    BOJ Has Effectively Paid Banks to Lend to Businesses – Report

    By Editors | 18/08/2020

    In April, the BOJ started offering banks a 0.1% interest rate if they used a new lending facility to lend to SMEs. Banks have shown record lending in recent months.

    Market Infrastructure

    Opening the Zengin System Could Reshape Japan’s Payments Landscape

    By Ryoji Kashiwagi | 11/08/2020

    Nomura Research Institute’s Ryoji Kashiwagi discusses competition concerns raised by Japan’s Fair Trade Commission, and their implications for the country’s payments landscape.

    Market Infrastructure

    Japan Proposes Mid-2021 Cut-off on New LIBOR Loans, Bonds

    By Manesh Samtani | 10/08/2020

    Feedback is sought on fallbacks for cash products referencing JPY LIBOR. Under the plan, issuance of new LIBOR based loans and bonds will cease by mid-2021.

    Market Infrastructure

    Japan Amends Rules to Lure Hong Kong Fund Managers

    By Sanday Chongo Kabange | 05/08/2020

    A Cabinet level amendment will allow overseas investment funds and securities operators to temporarily operate from Japan.

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