FINANCIAL SERVICES AGENCY

Market Infrastructure

Japanese Firms Ally in Support of Climate Risk Transparency

By Editors | 17/05/2019

The Japanese consortium adds nearly 100 more companies, including banks, to the growing list of firms that support the TCFD recommendations on climate risk disclosures.

Fintech / Regtech

Japan FSA Seeks AI Expertise to Examine Securities Reports

By Editors | 09/05/2019

The FSA is looking to conduct an experiment to explore the use of AI to read and analyse the data in annual securities reports published by listed companies.

Market Infrastructure

Japan OTC Derivatives Regime Deemed Equivalent Under EMIR

By Editors | 26/04/2019

The European Commission recognises Japan’s rules on valuation, dispute resolution and margin exchange for uncleared OTC derivative contracts as equivalent to EMIR.

AML / KYC

Japan FSA Raids Two Crypto Exchanges to Check Compliance

By Editors | 25/04/2019

The FSA reportedly wants to ensure appropriate measures have been implemented for customer protection and legal compliance after recent management changes.

Big Picture

Central Banks Call for Collective Action to Mitigate Climate Risks

By Editors | 23/04/2019

The Central Banks and Supervisors ‘Network for Greening the Financial System’ has published a report providing recommendations to mitigate climate-related financial risks.

AML / KYC

Japan FSA Proposes Stronger Regulation for Crypto Assets

By Editors | 13/04/2019

In a bill to amend the law, the FSA proposes the introduction of stronger protections for investors and restrictions to prevent misconduct in the crypto sector.

Securities / Derivatives

Merger Benefits Diminished Under Existing JPX-TOCOM Plan

By Editors | 07/04/2019

The current plan to keep crude oil and petroleum products on TOCOM will diminish the benefits of the planned merger with JPX.

Market Infrastructure

Japan FSA Issues Proposal to Tighten Regional Bank Oversight

By Editors | 04/04/2019

The FSA will stress tests regional banks and force weaker lenders to take action to improve profitability, replace their management, or merge.

Enforcement

Citigroup Faces $1.2m Fine in Japan over Alleged JGB Manipulation

By Editors | 27/03/2019

Citigroup’s London office allegedly placed large orders in the 10-year JGB futures market outside of Japanese trading hours that were not executed, but may have mislead investors.