All posts tagged "FSA"
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136EnforcementJapan Post to Check 30mn Contracts in Insurance Mis-selling Probe
Up to 183,000 Japan Post customers have been affected by unlawful insurance sales practices over the past five years, double the amount initially found.
August 3, 2019 -
650Fintech / RegtechUPDATED – Bitpoint Japan Loses $28m in Crypto in Hot Wallet Hack
The majority of the stolen funds belonged to clients and were held in hot wallets. Crypto exchanges in Japan are required to hold client assets offline in segregated cold wallets.
July 16, 2019 -
975JapanJapan FSA, CFTC Agree to Mutually Recognise Derivatives Platforms
Certain FSA-regulated derivatives trading platforms will be exempt from the requirement to register with the CFTC, and the FSA will facilitate authorisation for CFTC-regulated platforms.
July 15, 2019 -
571EnforcementUPDATED – Japan Post Vows to Compensate Customers for Mis-sold Insurance
Some 93,000 cases were found where customers were left uninsured due to inappropriate sales tactics, paid double premiums, or were denied coverage for paid up insurance policies.
July 12, 2019 -
1.3KAustralia & NZOpen Banking, APIs Will Unlock a Host of Opportunities: NPP Australia
A new white paper from NPP Australia provides an overview of developments in other real-time payments markets, including opportunities and challenges for the payments sector.
July 8, 2019 -
522Capital RegulationJapan Opposes LCR for US Branches of Foreign Banks
The BOJ, FSA and JBA say standardised liquidity requirements for US branches of foreign banking organisations will promote market fragmentation and create global risks.
June 26, 2019 -
416JapanJapan Delays Pension Reform Amid Political Fallout
An FSA report which highlighted the insufficiency of Japan's pension system has been withdrawn by the government ahead of a national election.
June 14, 2019 -
740EnforcementUPDATED – Citigroup Japan Fined, Ordered to Improve Internal Controls
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.
June 10, 2019 -
613EnforcementJapan FSA Takes Action Against Nomura Over Information Leak
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.
May 29, 2019 -
434AML / KYCJapan FSA Orders Seibu Shinkin Bank to Improve Loan Screening
The bank reportedly extended loans to persons connected to 'antisocial forces', and potentially executed over 100 fraudulent real estate loans.
May 28, 2019
