Bank of Japan

Trading & Investment

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.

Liquidity Risk

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.

Clearing & Post-Trade

SFTR: An Opportunity to Upgrade, Automate

By Manesh Samtani | 17/06/2019

DTCC’s Val Wotton and Oliver Williams explain the challenges SFTR presents in Asia, and how firms can best prepare in the lead-up to implementation starting in April 2020.

Payments & Settlements

Project Stella: DLT Can Improve Cross-Border Payment Security

By Editors | 06/06/2019

The BOJ-ECB phase three study says DLT can improve security in cross-border payments by using payment methods that synchronise payments and lock funds along the payment chain.

Anti-Money Laundering

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.

AI Risk & Governance

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.

Trading & Investment

BOJ Committee Releases Results of Discussion on Libor Alternatives

By Garima Chitkara | 29/04/2019

The industry-led committee is working to develop term reference rates based on JPY OIS as a potential alternative benchmark in light of the discontinuation of JPY LIBOR in 2021.

Structural Regulation

Tokyo Bourse to Cut a Third of Companies from First Section

By Editors | 18/03/2019

The Tokyo Stock Exchange plans to raise the minimum market cap for companies to maintain a listing on its First Section and require English language quarterly earnings disclosures.

Structural Regulation

Japan Mulls Measures to Enable Consolidation of Ailing Banks

By Editors | 07/03/2019

Japan’s government plans to introduce legislation that will provide exemptions from its anti-monopoly law to allow regional banks to consolidate more easily.