Financial Services Agency

Securities / Derivatives

Japan Designates Four Cities as Special Asset Management Zones

By Editors | 07/06/2024

The government will work with Tokyo, Osaka, Sapporo, and Fukuoka to develop an attractive environment for asset managers.

Enforcement

Japan FSA May Take Action Against MUFG Entities – Report

By Nithya Subramanian | 07/06/2024

MUFJ Bank and two affiliated securities firms allegedly shared nonpublic client information without consent.

Crypto / Digital Assets

Japan FSA Directs Crypto Firm to Report on $300m Theft

By Editors | 06/06/2024

The FSA directed DMM Bitcoin to investigate and report on the cause of the theft. The government will monitor these efforts and “respond appropriately”.

ESG / Sustainability

Japan Forms Group to Examine Carbon Market Infrastructure

By Editors | 06/06/2024

The new study group will examine the state of the infrastructure and market practices for carbon credit trading in Japan.

AML / KYC

Japan’s AML Landscape and the Need for Effective Governance

By Bradley Maclean | 03/06/2024

Former regulator and AML subject matter expert Hiroshi Ozaki discusses Japan’s financial crime threat landscape and how firms can mitigate risk through effective governance.

Capital / Liquidity

Japan’s Norinchukin Bank to Raise $7.7b in Capital

By Manesh Samtani | 22/05/2024

The bank needs to strengthen its capital base after interest rate increases went beyond expectations and caused significant unrealised losses on its foreign bond investments.

Capital / Liquidity

Japan FSA to Take Control of Two Regional Banks

By Editors | 22/05/2024

The FSA will obtain 63 percent of voting rights in Jimoto Holdings, which operates Kirayaka Bank and Sendai Bank.

Capital / Liquidity

FSA Japan Issues Order Over Use of Falsified Data in Stress Tests

By Nithya Subramanian | 16/05/2024

Avatrade Japan used falsified data in stress tests to conceal its poor results and avoid having to increase capital.

Capital / Liquidity

Japan Outlines Plans for Next Climate Scenario Analysis Exercise

By Editors | 14/05/2024

The results of the first exercise were published in August 2022. The second exercise will cover a shorter time horizon.