Japan

Market Infrastructure

BOJ Publishes Consultation on JPY Interest Rate Benchmarks

By Editors | 03/07/2019

The consultation paper presents and evaluates five options that can be used as alternative benchmarks upon transition and as fallback replacement benchmarks.

Market Infrastructure

China-Japan Cross-Border ETFs Start Trading

By Editors | 28/06/2019

Eight new cross-border ETFs have started trading on the Shanghai and Tokyo stock exchanges, just days after FTSE Russell started including China A shares in its indexes.

Enforcement

MUFG Bank Reaches Settlement with New York State Regulator

By Editors | 28/06/2019

The agreement settles claims relating to MUFG’s switch from state to federal oversight in November 2017, as New York regulators asserted continuing regulatory authority.

Capital / Liquidity

Japan Opposes LCR for US Branches of Foreign Banks

By Manesh Samtani | 26/06/2019

The BOJ, FSA and JBA say standardised liquidity requirements for US branches of foreign banking organisations will promote market fragmentation and create global risks.

Market Infrastructure

Japan Delays Pension Reform Amid Political Fallout

By Editors | 13/06/2019

An FSA report which highlighted the insufficiency of Japan’s pension system has been withdrawn by the government ahead of a national election.

Enforcement

UPDATED – Citigroup Japan Fined, Ordered to Improve Internal Controls

By Editors | 10/06/2019

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.

Market Infrastructure

Japan, Philippines Explore Yen-Peso Direct Trading

By Editors | 03/06/2019

Japan and the Philippines will explore the establishment of direct yen-peso settlement for trade and investment between the two countries.

AML / KYC

HK, Singapore, Japan Associations Launch APAC RegTech Network

By Manesh Samtani | 03/06/2019

The APAC RegTech Network seeks to enhance cross-border collaboration on regtech education and implementation across the region.

Enforcement

Japan FSA Takes Action Against Nomura Over Information Leak

By Editors | 29/05/2019

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.