FINANCIAL SERVICES AGENCY

    Japan FSA Releases Guidelines on Climate Transition Finance

    By Editors | 25/05/2021

    The guidelines incorporate the recommendations on disclosures from the ICMA Climate Transition Finance Handbook, which was published in December.

    Enforcement

    Japan Post Bank Misplaces Customer Transaction Data

    By Editors | 25/05/2021

    The missing records include information such as clients’ names and bank account numbers, which are supposed to be retained for 10 years.

    Market Infrastructure

    Japanese FIs Still Have $24tr in LIBOR Exposures – Report

    By Editors | 20/05/2021

    The December 2020 figure is down only slightly from the $27.5tr of contracts referencing LIBOR 18 months earlier at the end of June 2019.

    Securities / Derivatives

    JPX Establishes Working Group to Enhance Equity Market

    By Editors | 19/05/2021

    The working group will discuss trading system resilience and functionality, a possible extension of trading hours, and the introduction of holiday trading.

    Capital / Liquidity

    Resolution Authorities Should Have Operational Independence: BIS

    By Ranamita Chakraborty | 12/05/2021

    The institutional location of the resolution function is commonly the central bank, prudential supervisor or deposit insurer. This decision often entails trade-offs.

    ESG / Sustainability

    Japan to Incorporate Human Rights in Governance Code – Report

    By Editors | 06/05/2021

    Authorities will be pushing companies to root out potential forced labour and human trafficking abuses in their supply chains.

    ESG / Sustainability

    Japan FSA to Issue Climate Risk Guidelines for Banks

    By Ranamita Chakraborty | 29/04/2021

    Financial institutions will be expected to incentivise borrowers to decarbonise through loan terms and preferential interest rates.

    Securities / Derivatives

    Bank Losses from Archegos Collapse to Exceed $10bn

    By Sanday Chongo Kabange | 29/04/2021

    New disclosures from UBS and Nomura have raised estimates of the total losses to banks to over $10.5bn.

    Market Infrastructure

    QUICK Benchmarks Starts Publishing TORF Production Rates

    By Editors | 28/04/2021

    TORF production rates can be used in actual transactions, and are published each business day on the same day at 5pm.

    Securities / Derivatives

    Japan Registers First Foreign Firm Through Dedicated ‘Entry Office’

    By Sanday Chongo Kabange | 20/04/2021

    The subsidiary of UK firm Affirmative Investment Management Partners registered to conduct investment advisory and agency business.

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