FINANCIAL SERVICES AGENCY

Mizuho Experiences Eight System Glitch for the Year

By Editors | 08/10/2021

The system failure affected 387 transactions for foreign exchange trades. Mizuho is required to submit a report on its IT systems to the FSA by 29 October.

ESG / Sustainability

BOJ to Finance Banks’ Green Loans, Green Bond Investments

By Editors | 28/09/2021

Lenders will receive zero-interest financing for the provision of green and sustainability-linked loans and investment in green and sustainability-linked bonds.

Market Infrastructure

Japan FSA Issues Business Improvement Order to Mizuho

By Editors | 24/09/2021

The order requires Mizuho to submit a report to the FSA by 29 October on its IT systems and detailed improvement plans.

AML / KYC

FATF Report Highlights Opportunities for Japan’s FIs

By Matthew Field | 24/09/2021

Matthew Field discusses how Japan’s FIs can enhance the maturity of their AML programmes through a data-driven approach that places the customer entity in focus.

Enforcement

Japan FSA to Oversee System Improvements at Mizuho – Report

By Editors | 22/09/2021

An FSA team will directly oversee a system inspection and improvements at Mizuho following seven system failures at the bank this year.

Market Infrastructure

Mizuho Suffers Seventh System Failure For the Year

By Editors | 12/09/2021

The latest failure disrupted about 100 ATMs due to a “hardware problem”, though affected services were restored quickly.

ESG / Sustainability

Japan Proposes Mandatory Climate Risk Disclosures

By ESG Investor | 06/09/2021

FSA to replace the ‘comply or explain’ model to help tackle climate change and give investors more insight on leading companies.

ESG / Sustainability

Japan to ‘Nurture’ Green Bonds, Pilot Climate Scenario Analysis

By Ranamita Chakraborty | 03/09/2021

The BOJ and FSA are collaborating to measure the resilience of Japan’s three mega-banks and top three non-life insurers to the risks posed by climate change.

Enforcement

Mizuho Unable to Identify Cause of System Failure

By Editors | 02/09/2021

In a report to the FSA, Mizuho says it will revamp its system restoration procedures, review its customer response measures, and reassess its core banking system.