FINANCIAL SERVICES AGENCY

ESG / Sustainability

Japan to Develop Sapporo into Green Finance Hub

By Mark Johnston | 23/06/2023

New consortium aims to attract JPY 40 trillion over the next decade to promote renewable energy sources in Sapporo.

Crypto / Digital Assets

Japan Crypto Firms Call for Looser Margin Trading Restrictions

By Editors | 22/06/2023

An existing 2x leverage cap for retail investors is intended to curb excessive speculation and protect investors from significant losses.

Enforcement

Japan SESC Seeks Penalties Against Banks That Sold Risky Bonds

By Sanday Chongo Kabange | 12/06/2023

The SESC is asking the FSA to penalised Chiba Bank and its subsidiaries for selling high-risk structured bonds to novice investors.

ESG / Sustainability

Japan’s FSA to Issue First Guidelines on Impact Investing

By Mark Johnston | 06/06/2023

The guidelines will define novelty, effect, profitability, and disclosure as key requirements for impact investing.

AML / KYC

Japan to Enforce Travel Rule for Crypto from 1 June

By Ranamita Chakraborty | 24/05/2023

The FSA had already issued rules for travel rule implementation, but a definitive date for enforcement had not been set until now.

Market Infrastructure

MAS Issues “Close-to-Final” Derivatives Reporting Rule Updates

By Manesh Samtani | 16/05/2023

MAS set October 2024 as the commencement date for its new OTC derivatives reporting rules, aligning with ASIC.

ESG / Sustainability

Japan’s GFANZ Chapter to Support APAC Transition

By ESG Investor | 11/05/2023

The Japan Chapter will support local financial institutions as they work to decarbonise across all sectors of the economy and “seize transition-related opportunities”.

Capital / Liquidity

More Credit Suisse AT1 Bondholders Sue FINMA

By Editors | 04/05/2023

The suit means that investors representing up to a third of the $17bn in AT1 bonds issued by Credit Suisse have now launched legal action.

ESG / Sustainability

An Unregulated ESG Rating System Reveals its Flaws

By Hazel Ilango | 04/05/2023

ESG ratings are instrumental in facilitating investment decisions, but can disrupt the stability of financial markets if unregulated, says IEEFA’s Hazel Ilango.