All posts tagged "Sumitomo Mitsui"
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346Capital RegulationRecession Fears Prompt Japan to Stress Test Major Financial Firms
The BOJ and FSA will jointly coordinate stress tests on Japan’s three G-SIBs and four D-SIBs to assess how capital and liquidity could be affected if stocks fell and the yen spiked.
October 23, 2019 -
567AML / KYCJapan Banks Exit Forex Business Amid AML Cost Concerns
While smaller banks are exiting the foreign exchange business entirely, larger banks are raising counter service fees for overseas remittances.
October 17, 2019 -
617JapanJapanese Firms Ally in Support of Climate Risk Transparency
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.
May 17, 2019 -
925AML / KYCJapan to Halt Overseas Transfers that Bypass Bank Accounts
In preparation for this year's FATF review, Japanese banks will reportedly terminate counter services for overseas remittances that bypass bank accounts.
May 6, 2019 -
617InternationalSWIFT Launches Payment Investigation, Resolution Capability
The new capability will improve transparency, shorten resolution time and reduce manual intervention to resolve issues that arise along the payments chain.
May 3, 2019 -
721Asia-PacificMyanmar Allows 35pc Foreign Ownership in Local Banks
Foreign funding will support growing demand for financing and help banks upgrade loan screening and data systems.
February 5, 2019 -
653Asia-Pacific
Myanmar Allows Local Lending by Foreign Bank Branches
To date, the 13 foreign banks with branches in Myanmar have only been allowed to lend to foreign entities in the country, and only in foreign currencies.
November 13, 2018 -
524Fintech / RegtechJapanese Banks Trial Blockchain-based Settlement for Small Transactions
Nine banks will use Fujitsu technology to test the ability of a custom digital currency to achieve low-cost performance of real-time gross settlement for small-scale transactions.
October 31, 2018 -
545ChinaShinzo Abe’s Beijing Visit Paves Way for Financial Sector Cooperation
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.
October 29, 2018 -
636Fintech / RegtechJP Morgan Blockchain-based Payments Platform Gains Traction
The Interbank Information Network (IIN) now has 76 participating banks; it seeks to use blockchain tech to reduce the time correspondent banks spend responding to inquiries that delay payments.
October 1, 2018
