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Capital / Liquidity
Japan Plans for Basel III Implementation in March 2023
By Editors | 31/03/2020
The FSA also said NSFR implementation is being deferred by one year to April 2021, as the BOJ relaxes the eligibility requirements for firms to participate in its market operations.
ESG / Sustainability
Japan Finalises Stewardship Code Revisions
By Editors | 25/03/2020
Existing signatories have six months to update their disclosures to reflect the revisions, which include expectations to incorporate sustainability considerations in investment decisions.
Securities / Derivatives
UPDATED – BOJ Introduces New Lending Facility, Expands Asset Purchases
By Editors | 16/03/2020
The new 8 trillion yen lending facility will offer banks one-year, zero-interest loans collateralised by corporate debt securities. The BOJ is also doubling its annual ETF purchase capacity.
Market Infrastructure
BOJ, FSA Publish Findings on LIBOR Transition Progress
By Editors | 15/03/2020
About 50% of the 6.3 quadrillion yen in notional derivatives referencing LIBOR will mature after 2021, but “very few” contracts incorporate fallback provisions.
Market Infrastructure
Eurex Approved to Offer Clearing Services in Japan
By Editors | 12/03/2020
The FSA licence will allow Japanese financial institutions to combine their listed and OTC euro yield curve businesses in one single place, Eurex says.
Fintech / Regtech
Japan FSA Launches Global Blockchain Governance Initiative
By Editors | 11/03/2020
The initiative is in line with a G20 Osaka commitment to promote engagement between regulators and stakeholders on decentralised financial technologies.
Market Infrastructure
BOJ Begins Publishing Securities Financing Transaction Data
By Editors | 02/03/2020
The data is collected monthly from approximately 50 financial institutions with the largest SFT trading volume, including transactions with overseas counterparties and intra-group transactions.
Enforcement
Japan FSA Fines Nissan $22m Over Ghosn Misconduct
By Editors | 01/03/2020
The fine is the second-highest penalty ever imposed by the FSA, and a response to 8 years of under-reported remuneration by Nissan’s former chairman Carlos Ghosn.
Enforcement
Nissan Seeks Damages from Former Chairman Carlos Ghosn
By Editors | 14/02/2020
The lawsuit seeks $90mn initially, seeking to recover funds linked to fraudulent payments, as well as legal, regulatory and investigation costs already incurred by Nissan.
Fintech / Regtech
HKEX Explores AI Use to Review Issuer Disclosures
By Manesh Samtani | 03/02/2020
In the initial stage, HKEX has applied artificial intelligence to identify listed companies’ disclosures as required by some selected rules.
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