JAPAN

Crypto / Digital Assets

BoJ Expects Large IT Firms to Become Systemically Important

By Samuel Riding | 07/12/2017

Haruhiko Kuroda says global IT platform providers could pose systemic risk through holding vast amounts of data, adds to warnings on algo contagion.

Securities / Derivatives

Japanese Banks Call for Simplified UPI Rules

By Editors | 20/11/2017

Bankers Association says its members already provide legal identifiers under local regulation and the rules of countries in which they operate.

Securities / Derivatives

IOSCO Affirms China, Japan have Completed Framework for MMF Reform

By Editors | 06/11/2017

China has implemented rules governing money market fund valuations, liquidity and stable net asset value since last report.

Market Infrastructure

Japanese Banks Overstaffed, Over-branched Amid Declining Profitability – BOJ

By Editors | 25/10/2017

Central banks also points to potential systemic risk from ‘common exposure’ as competition to lend money intensifies.

Capital / Liquidity

Bank of Japan Investigating Use of Supervisory Technology

By Editors | 23/10/2017

Central bank suggests financial market supervisors use of technology is one of the highest priorities in global regulation.

AML / KYC

Japan FSA to Trial Blockchain KYC

By Editors | 25/09/2017

Blockchain KYC will allow customers to open multiple accounts without having to go through individual onboarding procedures each time.

Crypto / Digital Assets

DLT Essential for Capital Market Participants to Meet Regulatory Obligations – JPX

By Samuel Riding | 21/09/2017

Market participants can’t meet diverse regulatory requirements without using DLT to share back office and post-trade functions, report suggests.

Fintech / Regtech

DLT Not Yet a Solution for Large Central Bank Applications – BOJ

By Samuel Riding | 11/09/2017

Japanese central bank and European counterpart conclude from ‘Project Stella’ tests of DLT in RTGS that the technology is not yet mature enough.

Capital / Liquidity

Japan’s Low Interest Rate Environment Suffocates Regional Banks

By Editors | 07/09/2017

FSA’s commissioner ‘embarrassed to see regional banks’ balance sheets in their core businesses deteriorate more quickly than we expected.’