JAPAN

AML / KYC

Japan FSA Orders Seibu Shinkin Bank to Improve Loan Screening

By Editors | 27/05/2019

The bank reportedly extended loans to persons connected to ‘antisocial forces’, and potentially executed over 100 fraudulent real estate loans.

Securities / Derivatives

Sino-Japan ETF Connect Launched; Six Cross-Border ETFs Approved

By Editors | 27/05/2019

The announcement follows an ETF Connectivity Agreement signed by JPX and the SSE last month, where both agreed to establish an system for cross-listings of ETFs.

Fintech / Regtech

BOJ Paper Considers Security Risks of Machine Learning Systems

By Editors | 27/05/2019

The paper classifies machine learning systems into 12 types and discusses the vulnerabilities, threats and corresponding countermeasures for each, focusing on the financial sector.

Enforcement

Japan FSA to Issue Improvement Order Against Nomura

By Editors | 24/05/2019

The FSA will reportedly order Nomura Securities to strengthen controls and systems to prevent recurrence of a recent information leak.

Market Infrastructure

Japan T+2 Settlement to Start on 16 July

By Editors | 23/05/2019

T+2 settlement to go live in Japan following working group discussions and the successful completion of operational checks.

ESG / Sustainability

Japan TCFD Consortium Set for 27 May Inauguration

By Editors | 22/05/2019

The Consortium will serve as a platform to pursue climate-related financial disclosures and decide how the disclosed information will be used in investment decisions.

Market Infrastructure

Japanese Firms Ally in Support of Climate Risk Transparency

By Editors | 17/05/2019

The Japanese consortium adds nearly 100 more companies, including banks, to the growing list of firms that support the TCFD recommendations on climate risk disclosures.

Fintech / Regtech

Japan FSA Seeks AI Expertise to Examine Securities Reports

By Editors | 09/05/2019

The FSA is looking to conduct an experiment to explore the use of AI to read and analyse the data in annual securities reports published by listed companies.

AML / KYC

Japan to Halt Overseas Transfers that Bypass Bank Accounts

By Editors | 06/05/2019

In preparation for this year’s FATF review, Japanese banks will reportedly terminate counter services for overseas remittances that bypass bank accounts.