Financial Services Agency

Crypto / Digital Assets

MAS Establishes Project Guardian Policymaker Group

By Editors | 30/10/2023

MAS will work with Japan’s FSA, the UK’s FCA and Switzerland’s FINMA to advance the development of tokenised digital assets.

Japan FSA Directs Banks to Further Improve Internal Audit Function

By Editors | 29/10/2023

The sophistication of internal audits differs across banks, largely due to the degree of involvement by management, the FSA says.

Enforcement

Japan FSA Orders Report Explaining Zengin-Net Outage

By Sanday Chongo Kabange | 18/10/2023

Zengin-Net has to produce a report explaining last week’s outage and measures taken to prevent a recurrence.

Japan Considers New Law to Ease Loan Access for Small Businesses

By Sanday Chongo Kabange | 17/10/2023

The proposed law would allow startups and other SMEs to obtain loans based on intangible assets such as their technological capabilities or customer base.

Market Infrastructure

Japanese, Korean Regulators Agree to Strengthen Cooperation

By Sanday Chongo Kabange | 06/10/2023

The FSA and FSC will cooperate on financial stability, climate change, and digitalisation of financial services. KFB and JBA also signed an MoU.

ESG / Sustainability

Japan PM Signals Support for Sustainable, Impact Investing

By ESG Investor | 04/10/2023

Japanese Prime Minister Fumio Kishida said a plan would be finalised by year-end to channel a greater share of savings into sustainable investment vehicles.

Capital / Liquidity

Japan to Test Banks’ Resilience Against Social Media-Driven Runs

By Mark Johnston | 03/10/2023

Japan’s FSA plans to test the resilience of around 20 banks against social media-fuelled runs, responding to the failure of Silicon Valley Bank in the US.

Market Infrastructure

RBI, ESMA Close to Resolving Stand-Off Over CCPs – Report

By Manesh Samtani | 07/09/2023

Discussions regarding MoUs between the RBI and ESMA are reported to be progressing more smoothly and regularly.

Crypto / Digital Assets

Japan FSA Asks Government to Review Crypto Tax Policy

By Editors | 04/09/2023

The FSA is seeking a review of the existing requirement for companies to pay tax on unrealised crypto gains.