FINANCIAL SERVICES AGENCY

    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.

    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.

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