Financial Services Agency

    Fintech / Regtech

    Asia Has an Opportunity to Demonstrate Global RegTech Leadership

    By Manesh Samtani | 18/01/2021

    Hong Kong, Singapore and Tokyo each have an opportunity to demonstrate global leadership in the regtech sector, according to a panel of experts hosted by the Asia Society’s Hong Kong Center.

    Capital / Liquidity

    BOJ Expands Merger Incentives to Include Community Lenders

    By Editors | 03/01/2021

    The BOJ will pay an additional 0.1% interest to smaller lenders that decide to merge, integrate their businesses, or meet overhead reduction targets.

    AML / KYC

    Japan Regulators Order Crypto Exchange to Improve AML Systems

    By Editors | 02/01/2021

    Avacus Co Ltd must build an AML/CTF risk management system that ensures transactions are confirmed and recorded at the time of transaction.

    Capital / Liquidity

    Japan FSA Issues Draft Policy for Basel III Implementation

    By Editors | 02/01/2021

    Japan will adopt the Basel III standards in consideration of the characteristics of domestic financial institutions, the FSA said.

    Japan FSA Establishes Expert Panel on Sustainable Finance

    By Editors | 31/12/2020

    The panel will discuss initiatives to help channel investment into Japanese companies that support efforts to achieve carbon neutrality by 2050.

    Securities / Derivatives

    HKEX Clears First Cross Currency Swaps for Japanese FIs

    By Editors | 29/12/2020

    Japan’s FSA granted HKEX’s OTC Clear a licence allowing it to offer clearing services to Japanese financial institutions in January 2020.

    Fintech / Regtech

    Japan FSA to Allow Banks Use Customer Data for Targeted Ads

    By Editors | 15/12/2020

    The FSA will reportedly allow local banks to use their customers’ data for targeted advertising and sales activities.

    Securities / Derivatives

    Japan FSA Orders JPX, TSE to Improve Following Market Outage

    By Editors | 30/11/2020

    TSE President and CEO Koichiro Miyahara has resigned to take responsibility for a system failure that caused a full-day market closure in October.

    Fintech / Regtech

    Consortium of Japanese Firms to Test Digital Currency in April

    By Sanday Chongo Kabange | 24/11/2020

    The consortium, which includes Japan’s three megabanks as members, aims to address a lack of interoperability between digital payment platforms in the country.

    ESG / Sustainability

    Malaysia, Japan Authorities Appointed to NGFS Steering Committee

    By Sanday Chongo Kabange | 23/11/2020

    The inclusion of Japan’s FSA, BNM and Bank of Canada on the steering committee will widen the NGFS’ global reach and strengthening its geographical representation.

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