FINANCIAL SERVICES AGENCY

    Fintech / Regtech

    Japanese Banks, Companies to Test Run Digital Currency

    By Manesh Samtani | 24/11/2021

    A group of over 70 companies, banks, and organisations plans to bring a digital currency known as DCJPY into circulation in the second half of 2022.

    Market Infrastructure

    Japan Unveils Decisions on Treatment of Legacy LIBOR Contracts

    By Manesh Samtani | 23/11/2021

    Synthetic JPY LIBOR may be used if the contracting parties agree to do so, as well as in “exceptional cases” where it is difficult to proceed with negotiations.

    Fintech / Regtech

    Japan FSA Publishes Principles for Model Risk Management

    By Manesh Samtani | 22/11/2021

    The FSA published the principles to catalyse further development of model risk management practices in the industry and prevent risk.

    Enforcement

    Japan FSA to Issue New Orders to Mizuho Over System Glitches

    By Editors | 21/11/2021

    The FSA will issue a new business improvement order this month over Mizuho’s system glitches, one of which resulted in possible breaches of AML rules.

    Fintech / Regtech

    Japanese Investors to Gain Access to Digital Securities via ADDX

    By Editors | 14/11/2021

    Through securities broker Tokai Tokyo, ADDX (formerly iSTOX) will offer Japanese investors access to tradeable security tokens backed by real estate and other assets.

    ESG / Sustainability

    Japan FSA Reaffirms Commitment to Sustainable Finance Strategy

    By Sanday Chongo Kabange | 09/11/2021

    The strategy highlights efforts to enhance disclosures, develop green bond markets, and ensure FIs manage climate risk and support borrowers.

    Capital / Liquidity

    Japan FSA Proposes Revisions to Leverage Ratio Requirements

    By Editors | 07/11/2021

    For internationally-active banks, the new leverage ratio requirements will commence from 31 March 2023 and for other banks one year later.

    ESG / Sustainability

    Tokyo Revises Global City Vision, Pivots To Green Finance

    By Mark Johnston | 04/11/2021

    Tokyo has launched version 2.0 of its global financial city ambitions, with green financing and fintech becoming central pillars of its revised strategy.

    Enforcement

    SMBC Nikko Securities Under Market Manipulation Probe – Report

    By Ranamita Chakraborty | 04/11/2021

    Employees are said to have traded several stocks to support their prices to ensure the completion of block deals conducted after market hours.

    AML / KYC

    Japan to Require Companies to Disclose Major Shareholders

    By Editors | 03/11/2021

    Banks will be able to ask companies to submit information about their major shareholders when opening accounts or making loans.

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