FINANCIAL SERVICES AGENCY

    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.

    Market Infrastructure

    Japan Sets End Date for New JPY LIBOR Interest Rate Swaps

    By Manesh Samtani | 20/04/2021

    New interest rate swaps referencing JPY LIBOR and maturing after the end of 2021 should cease by end-September 2021.

    Enforcement

    Nomura Establishes Internal Team to Probe Archegos Loss

    By Sanday Chongo Kabange | 13/04/2021

    Nomura has set up the team to look into the bank’s risk management practices. It plans to disclose details of Archegos loss in late April.

    ESG / Sustainability

    New TSE Chief Eyes ESG Focus In Reorganisation Plan

    By Sanday Chongo Kabange | 12/04/2021

    Chief executive Hiromi Yamaji says the TSE will urge companies to step up efforts on ESG issues based on their market classification.

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