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Enforcement
UPDATED – Citigroup Japan Fined, Ordered to Improve Internal Controls
By Editors | 10/06/2019
Having failed to detect after hours spoofing by a London trader, Citigroup Global Markets Japan has been fined, ordered to improve its controls, and suspended from participating in JGB auctions.
Enforcement
Japan FSA Takes Action Against Nomura Over Information Leak
By Editors | 29/05/2019
The FSA has issued a number of business improvement orders to Nomura after it was revealed that its employees had shared sensitive stock market information with clients.
AML / KYC
Japan FSA Orders Seibu Shinkin Bank to Improve Loan Screening
By Editors | 27/05/2019
The bank reportedly extended loans to persons connected to ‘antisocial forces’, and potentially executed over 100 fraudulent real estate loans.
Enforcement
Japan FSA to Issue Improvement Order Against Nomura
By Editors | 24/05/2019
The FSA will reportedly order Nomura Securities to strengthen controls and systems to prevent recurrence of a recent information leak.
ESG / Sustainability
Japan TCFD Consortium Set for 27 May Inauguration
By Editors | 22/05/2019
The Consortium will serve as a platform to pursue climate-related financial disclosures and decide how the disclosed information will be used in investment decisions.
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.
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