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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.
Securities / Derivatives
Japan Unifies Licensing System for Financial Services
By Editors | 03/11/2021
The change will allow agents of financial service firms to sell financial products such as loans, investments and insurance under a single license.
Market Infrastructure
Transition Away From JPY LIBOR Making ‘Great Progress’
By Editors | 02/11/2021
More than 85% of loans and over 99% of derivatives that reference JPY LIBOR and mature after 2021 already incorporate fallback provisions.
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