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Enforcement
SMBC Nikko Securities Pleads Guilty to Stock Price Manipulation
By Editors | 30/10/2022
SMBC Nikko has already been ordered to suspend its block trading business for 3 months. The trial is set to end on 26 Dec and a verdict delivered on 13 Feb.
ESG / Sustainability
Japan FSA Establishes Working Group on Impact Investment
By Editors | 26/10/2022
The working group will discuss measures for expanding impact investment in Japan, taking into account trends and practices used in other markets.
Crypto / Digital Assets
Japan Set to Relax Rules for Crypto Token Listings – Report
By Sanday Chongo Kabange | 23/10/2022
Crypto tokens will reportedly be able to list within 30 days. Currently, the screening process for a new listing takes around six months to a year.
Market Infrastructure
IOSCO Appoints New Chair, Two Vice Chairs to Board
By Editors | 20/10/2022
IOSCO’s new chair is Jean-Paul Servais, chairman of Belgium’s FSMA. The two new vice chairs are the FSA’s Ariizumi Shigeru and the CFTC’s Rostin Behnam.
AML / KYC
Japan Authorities Warn Crypto Firms of Lazarus Group Threat
By Manesh Samtani | 20/10/2022
An advisory calls on crypto firms to strengthen their security controls, and implement staff and user training programmes.
Crypto / Digital Assets
Japan FSA Commences Annual Cyberattack Drills with FIs
By Editors | 20/10/2022
The participants include banks, credit unions, securities firms, payment providers, money transfer agents and crypto exchanges.
Enforcement
FSA Bars SMBC Nikko from Block Trades for 3 Months
By Editors | 09/10/2022
SMBC Nikko Securities was also found to have shared confidential information of several corporate clients without their consent with its parent’s banking unit.
ESG / Sustainability
Risk Monitoring Needed for Non-Climate ESG Risks: FSA
By Manesh Samtani | 09/10/2022
Risk practitioners should establish risk monitoring systems that cover sustainability themes beyond climate change, said the FSA’s Satoshi Ikeda.
Capital / Liquidity
BCBS Finds Japan NSFR Compliant, Largely LEX Compliant
By Editors | 03/10/2022
Japan’s final NSFR rules took effect from 30 September 2021. The rules to implement the LEX framework came into force on 1 April 2020.
ESG / Sustainability
An Increasing Sense of Urgency
By ESG Investor | 03/10/2022
Satoshi Ikeda, Chief Sustainable Finance Officer at Japan’s Financial Services Agency, is targeting increased action among asset owners.
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