FINANCIAL SERVICES AGENCY

    Crypto / Digital Assets

    Japan: Crypto Firm Liquid Resumes Services Following $97m Hack

    By Editors | 25/08/2021

    Liquid has been tracing the movement of the stolen assets and working with other exchanges to freeze and recover the funds.

    Market Infrastructure

    Japan FSA Orders Mizuho to Explain Latest System Failure

    By Editors | 24/08/2021

    Mizuho Bank and Mizuho Trust were unable to complete customer transactions at all branches counters across Japan due to equipment failures.

    Market Infrastructure

    Japan, UK Regulators Exchange Letters on CRA Supervision

    By Editors | 11/08/2021

    The letters set out a framework for cooperation on regulatory, supervisory and enforcement matters in relation to credit rating agencies.

    ESG / Sustainability

    Japan FSA Seeks Better Quality ESG, Climate Disclosures

    By Editors | 10/08/2021

    The FSA plans to establish a new framework for the certification of ESG-related products. It is also exploring mandatory climate risk disclosures.

    Market Infrastructure

    LIBOR Alternatives Gain Traction in Japan – Report

    By Editors | 06/08/2021

    OIS transactions based on TONA and TIBOR increased in July, suggesting alternative rates to JPY LIBOR are gaining traction.

    ESG / Sustainability

    BOJ Sets Out Strategy to Address Climate Change

    By Ranamita Chakraborty | 26/07/2021

    A measure will be introduced enabling FIs to receive funds from the BOJ against investments or loans made in support of efforts to address climate change.

    AML / KYC

    Japan Banks to Deploy Shared System for AML/CFT Monitoring

    By Manesh Samtani | 22/07/2021

    The FSA’s Hiroshi Ozaki said the banking sector is planning to deploy a shared transaction monitoring and screening system for AML/CFT across the industry.

    Securities / Derivatives

    Japan FSA Consults on Draft Guidelines for Social Bonds

    By Manesh Samtani | 22/07/2021

    The guidelines are aimed at promoting the issuance of social bonds by the private sector and preventing ‘social washing’.

    Fintech / Regtech

    Japan FSA Launches New Section to Oversee Crypto Regulation

    By Sanday Chongo Kabange | 19/07/2021

    The FSA has reportedly created a new position to head the section, which will also oversee decentralised finance and deepen dialogue with foreign regulators.

    AML / KYC

    SFC Issues Warning on Unregulated Virtual Asset Platforms

    By Editors | 18/07/2021

    Soon after the SFC’s statement, Binance announced that stock tokens will no longer be available for purchase on its website.

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