FINANCIAL SERVICES AGENCY

Japan Banks Asked to Continue Lending as Stimulus Gets Green Light

By Editors | 31/05/2020

Finance Minister Taro Aso is asking banks to continue supporting SMEs and to actively make use of hybrid lending, in light of a new 117tr yen stimulus package.

Fintech / Regtech

Japan to Propose Easier Fintech Investment Rules for Banks – Report

By Editors | 07/05/2020

The proposal includes scrapping a requirement for bank holding companies to obtain FSA approval to acquire more than 15% of nonfinancial companies.

Crypto / Digital Assets

FSA Japan Certifies Two SROs as New Crypto Laws Take Effect

By Editors | 04/05/2020

The certifications took effect from 1 May, the same day the FSA said it would start enforcing new laws on crypto assets.

Securities / Derivatives

Japan Extends Deadlines for Filing Securities Reports, Holding AGMs

By Editors | 18/04/2020

Japan’s FSA has extended the submission deadline for corporate securities reports to the end of September, while companies are being encouraged postpone annual shareholder meetings or hold them virtually.

Securities / Derivatives

Japan: Corporates to Get Financial Support, Easier Write Down Rules

By Editors | 06/04/2020

The FSA will convene a joint council of key industry bodies to agree on easier write-down rules, while the government prepares an aid package for large corporates.

Capital / Liquidity

Japan Plans for Basel III Implementation in March 2023

By Editors | 31/03/2020

The FSA also said NSFR implementation is being deferred by one year to April 2021, as the BOJ relaxes the eligibility requirements for firms to participate in its market operations.

ESG / Sustainability

Japan Finalises Stewardship Code Revisions

By Editors | 25/03/2020

Existing signatories have six months to update their disclosures to reflect the revisions, which include expectations to incorporate sustainability considerations in investment decisions.

Securities / Derivatives

UPDATED – BOJ Introduces New Lending Facility, Expands Asset Purchases

By Editors | 16/03/2020

The new 8 trillion yen lending facility will offer banks one-year, zero-interest loans collateralised by corporate debt securities. The BOJ is also doubling its annual ETF purchase capacity.

Market Infrastructure

BOJ, FSA Publish Findings on LIBOR Transition Progress

By Editors | 15/03/2020

About 50% of the 6.3 quadrillion yen in notional derivatives referencing LIBOR will mature after 2021, but “very few” contracts incorporate fallback provisions.