Japan

Enforcement

Tokyo Bourse Penalises Nomura for Information Leak

By Editors | 30/08/2019

The TSE says internal controls at Nomura Securities were insufficient, and measures it took after a similar incident in 2012 did not seem to have improved compliance.

Capital / Liquidity

Japan FSA Plans New Measures to Ensure Regional Bank Sustainability

By Editors | 29/08/2019

To encourage consolidation among struggling regional lenders, the FSA may lower deposit insurance fees paid by banks that are more financially robust.

Crypto / Digital Assets

Japanese Crypto Exchange Operator to Close Shop

By Editors | 24/08/2019

Tech Bureau Corp – the ex-operator of hacked exchange Zaif – will become the first FSA-registered crypto exchange operator to shut down its operations.

Securities / Derivatives

TOCOM Electricity Futures Approved for 17 September Launch

By Editors | 13/08/2019

The Tokyo Commodity Exchange has been granted approval to list electricity futures, after applying for a trial listing in March.

Market Infrastructure

Japan: Security Failures Force New Payments Service to Shut

By Editors | 06/08/2019

The security breach saw more than 38mn yen stolen from more than 800 accounts in the days after the July launch of a new mobile payment service for convenience stores.

Enforcement

Japan Post to Check 30mn Contracts in Insurance Mis-selling Probe

By Editors | 02/08/2019

Up to 183,000 Japan Post customers have been affected by unlawful insurance sales practices over the past five years, double the amount initially found.

Fintech / Regtech

TSE Seeks ‘Data Sandbox’ Partners to Support Innovation

By Editors | 02/08/2019

The Tokyo Stock Exchange is looking to startups, data providers and so-called ‘innovation partners’ to help create new services for the securities sector.

Securities / Derivatives

JPX, TOCOM Finalise Merger Agreement to Create Integrated Bourse

By Editors | 31/07/2019

TOCOM precious metals, agricultural and rubber products will be transferred to Osaka Exchange, a JPX subsidiary, creating an all-in-one bourse by July 2020.

AML / KYC

Global Money Launderers Move in on Japan – Report

By Editors | 30/07/2019

Criminal organisations are increasing seeking the use of bank accounts in Japan to disguise illicit profits, with incidents of money laundering rising 40% year-on-year.