Financial Services Agency

    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.

    Japan Consults on Climate Transition Finance Guidelines

    By Manesh Samtani | 12/04/2021

    The guideline has been drafted in accordance with the Climate Transition Finance Handbook published by ICMA in December.

    ESG / Sustainability

    Japan FSA Issues Proposal to Revise Corporate Governance Code

    By Manesh Samtani | 07/04/2021

    The changes will improve board independence, promote board diversity, and enhance climate-related and ESG disclosures by top-tier listed companies.

    AML / KYC

    Japan Crypto Industry to Adopt Travel Rule by April 2022

    By Sanday Chongo Kabange | 07/04/2021

    The FSA has written to the JVCEA advising it to start preparing for the implementation of the travel rule in Japan’s crypto industry.

    Market Infrastructure

    Mizuho May Seek Compensation from Hitachi for System Glitch

    By Editors | 07/04/2021

    The delay of 263 transactions for corporate clients was said to be caused by a malfunction in a disk storage device made by Hitachi.

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