FINANCIAL SERVICES AGENCY

    Market Infrastructure

    Tokyo Stock Exchange Faces FSA Probe Over System Outage

    By Manesh Samtani | 20/10/2020

    Based on an on-site investigation and findings from JPX’s own investigative committee, the FSA will consider issuing a business improvement order.

    Fintech / Regtech

    Japan FSA to Debut Online Filing Platform by March 2021

    By Editors | 18/10/2020

    The FSA plans to update its ordinances and guidelines to enable a complete shift to online applications and filings by March 2022.

    Market Infrastructure

    About Half of Global FX Market Exposed to Settlement Risk

    By Margaret Law | 15/10/2020

    Without immediate action, FX settlement risk will continue to accumulate and introduce vulnerabilities into the global financial system, says Margaret Law at CLS.

    Capital / Liquidity

    Japan: Bank Stress Tests to Use Covid-19 as Baseline Scenario

    By Editors | 08/10/2020

    The BOJ and FSA jointly stress-tested banks using a common scenario for the first time in December. This year’s stress tests will use the Covid-19 pandemic as the common scenario.

    Market Infrastructure

    Hardware Failure Causes Full Day Closure at Tokyo Exchange

    By Editors | 01/10/2020

    The TSE apologised for inconvenience caused to investors and said it is replacing the faulty hardware. Trading is expected to resume Friday.

    Enforcement

    Japan FSA Demands Explanation for Miscounted Shareholder Votes

    By Editors | 30/09/2020

    Sumitomo Mitsui Trust and Mizuho Trust could face business improvement orders, depending on their explanations and the measures they have planned to prevent recurrence.

    Enforcement

    Japan: Nomura Employee Leaks Client Information to Securities Firm

    By Editors | 14/09/2020

    Nomura has apologised for the incident and pledged to strengthen its management of customer information. It will also consider taking legal action against the offending staffer.

    Market Infrastructure

    Japan FSA to Ease Administrative Procedures for Foreign Entrants

    By Editors | 30/08/2020

    The FSA will soon release financial administration guidelines setting out measures that may make it easier for foreign firms to set up in Japan.

    Market Infrastructure

    Japan Amends Rules to Lure Hong Kong Fund Managers

    By Sanday Chongo Kabange | 05/08/2020

    A Cabinet level amendment will allow overseas investment funds and securities operators to temporarily operate from Japan.

    Market Infrastructure

    Japanese Trust Funds Align with Global Trends on FX Settlement Risk

    By Makoto Miyazaki | 26/07/2020

    Trust funds in Japan have started focusing on mitigating FX settlement risk, to which they have long been exposed. This article explains the change in focus and the factors behind this.

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