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Market Infrastructure
Japan FSA, CFTC Agree to Mutually Recognise Derivatives Platforms
By Editors | 15/07/2019
Certain FSA-regulated derivatives trading platforms will be exempt from the requirement to register with the CFTC, and the FSA will facilitate authorisation for CFTC-regulated platforms.
Enforcement
UPDATED – Japan Post Vows to Compensate Customers for Mis-sold Insurance
By Editors | 11/07/2019
Some 93,000 cases were found where customers were left uninsured due to inappropriate sales tactics, paid double premiums, or were denied coverage for paid up insurance policies.
Market Infrastructure
BOJ Publishes Consultation on JPY Interest Rate Benchmarks
By Editors | 03/07/2019
The consultation paper presents and evaluates five options that can be used as alternative benchmarks upon transition and as fallback replacement benchmarks.
Market Infrastructure
China-Japan Cross-Border ETFs Start Trading
By Editors | 28/06/2019
Eight new cross-border ETFs have started trading on the Shanghai and Tokyo stock exchanges, just days after FTSE Russell started including China A shares in its indexes.
Enforcement
MUFG Bank Reaches Settlement with New York State Regulator
By Editors | 28/06/2019
The agreement settles claims relating to MUFG’s switch from state to federal oversight in November 2017, as New York regulators asserted continuing regulatory authority.
Capital / Liquidity
Japan Opposes LCR for US Branches of Foreign Banks
By Manesh Samtani | 26/06/2019
The BOJ, FSA and JBA say standardised liquidity requirements for US branches of foreign banking organisations will promote market fragmentation and create global risks.
Market Infrastructure
Japan Delays Pension Reform Amid Political Fallout
By Editors | 13/06/2019
An FSA report which highlighted the insufficiency of Japan’s pension system has been withdrawn by the government ahead of a national election.
Enforcement
UPDATED – Citigroup Japan Fined, Ordered to Improve Internal Controls
By Editors | 10/06/2019
Having failed to detect after hours spoofing by a London trader, Citigroup Global Markets Japan has been fined, ordered to improve its controls, and suspended from participating in JGB auctions.
Market Infrastructure
Japan, Philippines Explore Yen-Peso Direct Trading
By Editors | 03/06/2019
Japan and the Philippines will explore the establishment of direct yen-peso settlement for trade and investment between the two countries.
AML / KYC
HK, Singapore, Japan Associations Launch APAC RegTech Network
By Manesh Samtani | 03/06/2019
The APAC RegTech Network seeks to enhance cross-border collaboration on regtech education and implementation across the region.
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