Financial Services Agency

    ESG / Sustainability

    Japan FSA Proposes Code of Conduct for ESG Data Providers

    By Sanday Chongo Kabange | 20/07/2022

    The Code of Conduct offers six principles for ESG evaluation and data providers to adopt, and is open for consultaiton until 5 September.

    Fintech / Regtech

    BOJ, FSA Advance Work to Coordinate Supervisory Functions

    By Sanday Chongo Kabange | 17/07/2022

    The FSA and BOJ have started sharing information reported by FIs using common templates and are establishing a new data platform to collect granular data from the industry.

    Enforcement

    Japan SESC Seeks Penalty Order Against UK High Speed Trader

    By Editors | 23/06/2022

    Atlantic Trading London engaged in a series of manipulative derivative transactions in early 2020, the SESC said.

    Market Infrastructure

    Japan to Finalise New Derivatives Reporting Regime Soon

    By Manesh Samtani | 17/06/2022

    The new regime will increase the reportable data elements, the number of reporting entities, and make event-based reporting to a trade repository mandatory.

    Market Infrastructure

    Japanese Tax System Derailing Tokyo Hub Ambitions: Report

    By Sanday Chongo Kabange | 16/06/2022

    The plan to reform the tax system to attract hedge funds to Tokyo has resulted in “preferential treatment no one would use.”

    ESG / Sustainability

    UK, Japan Formalise Arrangements on Regulatory Cooperation

    By Editors | 13/06/2022

    UK and Japan participants agreed to establish an innovation working group to provide a space for collaboration on payments, cryptoassets and financial innovation.

    AML / KYC

    Japan Ministry Seeks Powers to Confiscate Crypto Assets

    By Editors | 12/06/2022

    Japan’s organised crime law currently only allows seizures of real property, movable assets and monetary claims, but not crypto assets.

    Market Infrastructure

    Japan FSA Calls on Market to Complete LIBOR Transition Efforts

    By Manesh Samtani | 09/06/2022

    Only a small number of JPY LIBOR contracts remain that still need to complete the transition, but USD LIBOR rates are “still widely used” by Japanese FIs and corporates.

    Fintech / Regtech

    OJK Indonesia to Enhance Regulatory Cooperation with APRA, FSA

    By Editors | 08/06/2022

    The APRA MoU is focused on banking and insurance supervision. The FSA agreement focuses on digital innovation in the financial services sector.

    Crypto / Digital Assets

    Japan Approves Law Clarifying Legal Status of Stablecoins

    By Manesh Samtani | 05/06/2022

    Under the revision bill, only licensed banks, trust companies, and registered money transfer agents will be able to issue stablecoins.

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