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Capital / Liquidity
Japan, EU to Cooperate on Cross-border Resolution Planning
By Editors | 17/10/2019
Through an exchange of letters, Japan’s FSA and the EU’s SRB have agreed to cooperate to plan for and conduct orderly cross-border resolutions of banks.
Market Infrastructure
Japan Hosts First-ever TCFD Summit
By Editors | 09/10/2019
Speaking at the Summit, BOE governor Mark Carney lauded Japan’s support for the TCFD, but said more needs to be done globally to enhance climate-related financial disclosures.
Fintech / Regtech
Japan Brokers Form New Body to Develop Rules for STOs
By Editors | 07/10/2019
The new association was formed by securities firms SBI, Nomura, Daiwa, Kabu.com, Monex and Rakuten and will seek FSA approval for status as a self-regulatory organisation.
Enforcement
US SEC Settles Charges Against Nissan, Former CEO
By Editors | 24/09/2019
As settlement for underreporting CEO compensation, Nissan agreed to pay $15mn, while ex-CEO Carlos Ghosn will pay $1mn and get a 10-year officer and director bar.
Market Infrastructure
ISDA Issues Guidance on Executing Trades on Recognised Venues
By Editors | 23/09/2019
The guides describe how cross-border trading will work following the CFTC-MAS, CFTC-FSA and EC-MAS agreements on mutual recognition of derivatives trading venues.
Enforcement
Japan Brokerage Sanctioned for Giving a Client Preferential Treatment
By Editors | 12/09/2019
A former baseball star and member of Japan’s Parliament was allowed to continue trading derivatives despite persistent margin shortfalls over about 9 months.
Market Infrastructure
Japan Regulators Seek Data on Financial Firms’ Risky Investments
By Editors | 10/09/2019
The BOJ and FSA are collecting data on financial firms’ holdings of collateralised loan obligations and leveraged loans to understand the risks they present.
Market Infrastructure
Japan FSA to Revise Standards For Auditors of Listed Companies
By Editors | 05/09/2019
The revised standards will require auditors to disclose the reasons for issuing a qualified opinion in financial statements starting from March 2020.
Enforcement
Tokyo Bourse Penalises Nomura for Information Leak
By Editors | 30/08/2019
The TSE says internal controls at Nomura Securities were insufficient, and measures it took after a similar incident in 2012 did not seem to have improved compliance.
Capital / Liquidity
Japan FSA Plans New Measures to Ensure Regional Bank Sustainability
By Editors | 29/08/2019
To encourage consolidation among struggling regional lenders, the FSA may lower deposit insurance fees paid by banks that are more financially robust.
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