FINANCIAL SERVICES AGENCY

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    Securities / Derivatives

    Korea Planning Further Enhancements to Stewardship Code

    By Manesh Samtani | 06/02/2025

    The FSC wants institutional investors to periodically check and report on their compliance with the stewardship code, which was already updated last year.

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    ESG / Sustainability

    Japan FSA Tightens Shareholding Disclosure Requirements

    By Thisanka Siripala | 05/02/2025

    The rules will require companies to disclose more detailed information in annual securities reports regarding changes to the purpose for holding shares

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    Enforcement

    JPX Cuts Pay of Top Executives Over Insider Trading Case

    By Thisanka Siripala | 05/02/2025

    JPX also released a report prepared by an independent directors’ investigation committee, which described the insider trading case as “unprecedented”​

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    Securities / Derivatives

    Tokyo Metropolitan Government Joins TSE Asia Startup Hub

    By Thisanka Siripala | 04/02/2025

    The TSE said it will work with the Tokyo Metropolitan Government and other partners to provide fundraising and IPO support to companies.

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    Capital / Liquidity

    Japan FSA Consults on Amendments to Bank Capital Rules

    By Thisanka Siripala | 24/01/2025

    The amendments adopt the July 2024 revisions to the IRRBB standard and revise the transitional provisions for FRTB’s Profit and Loss Attribution test.

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    Enforcement

    Japan FSA Suspends Audit Firm for Six Months for Misconduct

    By Thisanka Siripala | 22/01/2025

    The FSA said Aska Audit Corporation had weak audit quality controls, fabricated audit records and that its leadership lacked professional ethics

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    Enforcement

    Mizuho Stops Accepting New Safe Deposit Box Customers

    By Thisanka Siripala | 22/01/2025

    The decision comes after an MUFG employee was arrested for stealing customers’ assets, putting the industry under heightened scrutiny

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    AML / KYC

    Japan FSA Offers Guidance on Validating AML Effectiveness

    By Thisanka Siripala | 22/01/2025

    New discussion paper emphasises the importance of continuous validation to ensure AML/CFT measures remain effective against evolving risks

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    Enforcement

    Former MUFG Bank Manager Arrested for Safe Deposit Box Thefts

    By Thisanka Siripala | 18/01/2025

    The former employee has reportedly admitted to the thefts, citing significant financial losses from FX trading and horse racing bets as her motive.

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    Fintech / Regtech

    JSCC to Adopt Standardised Framework for Regulatory Reporting

    By Thisanka Siripala | 17/01/2025

    JSCC will start using ISDA’s Digital Regulatory Reporting for reporting to the FSA and CFTC starting in June.

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