Financial Services Agency

    Securities / Derivatives

    JSDA to Propose Shorter Time-to-Market for Japan IPOs – Report

    By Editors | 04/01/2022

    The JSDA will propose that IPO subscriptions be allowed during book-building, rather than having investors wait until the offer price is determined.

    Enforcement

    Japan SESC Recommends Fine for Insider Trading on Crypto Hack

    By Editors | 20/12/2021

    An individual who learned about the July 2019 theft of cryptocurrency from BITPoint Japan sold shares in its parent before the hack was publicly disclosed.

    AML / KYC

    Japan FSA Seeks to Introduce Restrictions on Stablecoin Issuance

    By Sanday Chongo Kabange | 09/12/2021

    The FSA reportedly seeks to propose legislation to only allow banks and wire transfer companies to issue stablecoins, and to regulate wallet providers.

    ESG / Sustainability

    BOJ Outlines Three ‘Essential’ Elements of Climate Response

    By Mark Johnston | 03/12/2021

    BOJ governor Haruhiko Kuroda discussed scenario analysis, sustainable finance, and enhanced disclosures.

    Enforcement

    Japan FSA Orders Mizuho to Undergo Structural Reforms

    By Editors | 29/11/2021

    Mizuho is directed to formulate plans to improve its governance and prevent more system failures from occurring. Three top executives will resign.

    ESG / Sustainability

    Japan FSA Calls for Sharper Focus on ‘Transition’ Concept

    By Mark Johnston | 29/11/2021

    The FSA’s Satoshi Ikeda says corporate disclosures need to capture genuine progressive efforts towards achieving carbon net zero, not just point-in-time snapshots.

    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.

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