Japan

ESG / Sustainability

Japanese Pension Fund Moves Against Short Sellers

By Editors | 04/12/2019

Japan’s Government Pension Investment Fund, the world’s largest, said it will no longer allow overseas shares to be lent out from its global equity portfolio.

Market Infrastructure

Japan Set to Consult on Reorganisation of TSE Boards

By Editors | 02/12/2019

The TSE will consult on the criteria for companies to move to the First Section, and measures to enhance the independence of listed subsidiaries from their parent companies.

AML / KYC

Mizuho Ordered to Pay Caymans-related Back Taxes and Penalty

By Editors | 28/11/2019

The bank is disputing the penalty, saying its Caymans subsidiaries were created for as a special vehicle for fundraising, and not to conceal profits or evade taxes.

Market Infrastructure

Japan FSA Reviews Proposal to Reorganise Tokyo Bourse

By Editors | 22/11/2019

The proposal would recast the TSE’s existing boards into a “prime” market for blue chips, a “standard” market for mid-tier companies and a “growth” board for startups.

Securities / Derivatives

Tokyo Exchange Goes Live with Upgraded Trading System

By Editors | 07/11/2019

The upgrade will reduce sudden stock price fluctuations, enable participants to more easily execute trades at closing prices, and stabilise system performance.

Capital / Liquidity

Japan Banks to Gain Easier Access to Capital from Larger Peers

By Editors | 05/11/2019

Under a special measure to be launched in March, a bank’s capital-to-asset ratio will not be reduced when it invests in a struggling peer.

Market Infrastructure

BOJ Calls for Applications from Aspiring Benchmark Administrators

By Editors | 30/10/2019

The BOJ committee is soliciting entities that can begin calculating and publishing term structures based on JPY overnight index swaps as prototype rates.

AML / KYC

FATF Begins Assessment of Japan’s AML Regime

By Editors | 30/10/2019

For the first time, cryptocurrency exchanges will also subject to the review, the first assessment of Japan’s AML system in 11 years.

Fintech / Regtech

TSE to Explore New Uses for Margin Trading, Short Selling Data

By Editors | 26/10/2019

Data relating to margin transactions and short selling will be made available to testing participants to identify possible new applications of the data.