Financial Services Agency

    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.

    Market Infrastructure

    Eurex Approved to Offer Clearing Services in Japan

    By Editors | 12/03/2020

    The FSA licence will allow Japanese financial institutions to combine their listed and OTC euro yield curve businesses in one single place, Eurex says.

    Fintech / Regtech

    Japan FSA Launches Global Blockchain Governance Initiative

    By Editors | 11/03/2020

    The initiative is in line with a G20 Osaka commitment to promote engagement between regulators and stakeholders on decentralised financial technologies.

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