FINANCIAL SERVICES AGENCY

ESG / Sustainability

Japan Leads in ESG Governance but Pliant Rules a Letdown

By Hazel Ilango | 06/02/2023

While Japan’s code of conduct represents a key step forward, the “comply or explain” approach may hinder its effectiveness, writes the IEEFA’s Hazel James Ilango.

Securities / Derivatives

Japan FSA Enhances Sustainability Disclosure Rules

By Editors | 03/02/2023

Companies will have to make more sustainability-related and gender-related disclosures for financial years ending on or after 31 March 2023.

Crypto / Digital Assets

Japan FSA to Permit Foreign Issued Stablecoins by Early June

By Editors | 30/01/2023

Under the new regulations, the FSA will only permit stablecoins that pass checks to ensure user protections are in place and reserve assets are secure.

JFSA, ECB Agree to Cooperate on Banking Supervision

By Editors | 25/01/2023

The Memorandum of Cooperation covers procedures for information sharing and on-site visits, and the permissible uses and confidentiality of information shared.

ESG / Sustainability

Korea Issues Guidelines to Improve Transparency of ESG Bond Ratings

By Manesh Samtani | 16/01/2023

The guidelines reflect IOSCO’s recommendations and will be implemented as KOFIA best practice from 1 February 2023.

Market Infrastructure

RBI Working to Mitigate Risks from ESMA Decision on Indian CCPs

By Mark Johnston | 05/01/2023

The RBI said it is engaging with European regulators and discussing “alternate arrangements” to avert a market disruption that could result from ESMA’s derecognition of Indian CCPs.

Japan Insurance Gap to Limit LNG Flow from Russia

By Sanday Chongo Kabange | 04/01/2023

Following talks with reinsurers, Japanese insurers can continue offering marine war insurance to LNG carriers in Russian waters until March.

Crypto / Digital Assets

Japan Relaxing Rules on Stablecoins, Token Listings

By Editors | 03/01/2023

FSA proposes to allow crypto firms to handle transactions using foreign issued stablecoins. The JVCEA has relaxed its token listing rules.

ESG / Sustainability

Japan FSA Issues Draft Supervisory Guidelines for ESG Funds

By Editors | 21/12/2022

The FSA issued draft guidelines outlining the checks that will be performed by supervisors to ensure ESG investment trusts are true-to-label.