FINANCIAL SERVICES AGENCY

Market Infrastructure

Japan to Propose Amendments to Simplify Bank Merger Process

By Mark Pufpaff | 08/11/2018

Prime Minister Shinzo Abe instructed ministers to propose amendments to existing laws to simplify consolidation of regional banks, many of which are struggling to maintain profitability.

Crypto / Digital Assets

Crypto Players Welcome Hong Kong Regulation

By Garima Chitkara | 06/11/2018

New regulation could lead to industry consolidation and greater institutional money, said panellists at ASIFMA’s annual conference in Singapore.

Capital / Liquidity

Japan’s Suruga Bank to Receive $2.2bn Credit Line from BOJ

By Mark Pufpaff | 05/11/2018

The credit line is aimed at preventing a liquidity crunch after a scandal involving falsified proof of income and assets to approve loans resulted in mass withdrawals by depositors.

Market Infrastructure

Shinzo Abe’s Beijing Visit Paves Way for Financial Sector Cooperation

By Manesh Samtani | 29/10/2018

Forty years since the 1978 peace treaty marked by a series of MoUs between central banks, securities regulators, stock exchanges and industry bodies, among others.

Crypto / Digital Assets

Japan Allows Self-Regulation Among Cryptocurrency Exchanges

By Garima Chitkara | 25/10/2018

The Japan Virtual Currency Exchange Association has been given a “certified fund settlement business association” accreditation, allowing it to make rules and police domestic exchanges.

Fintech / Regtech

Japan FSA Updates Financial Sector Cyber Policy

By Manesh Samtani | 21/10/2018

Japan’s financial infrastructure may come under attack in the lead-up to the 2020 Tokyo Olympics, the FSA says as it prepares to guard against potential large-scale incidents.

AML / KYC

Europe’s AMLD5 and its Impact on AML Regulations in Asia

By Claus Christensen | 15/10/2018

While AMLD5 confirms the EU’s leadership role in AML legislation, similar efforts have been seen in Asia, says Claus Christensen at Know Your Customer Ltd.

Japan’s Suruga Bank Ordered to Halt Property Lending

By Manesh Samtani | 08/10/2018

The bank was found to have extended inappropriate loans to businesses related to its founding members based on falsified proof of income and assets.

AML / KYC

Japan FSA Prioritises AML Measures Ahead of FATF Peer Review

By Editors | 01/10/2018

The FSA will conduct on-site inspections at financial institutions over the next 12 months, hoping to clean up its image with the FATF before it hosts the G20 summit next year.