Japan

Cryptocurrency

Japan FSA Toughens Rules on Crypto Exchanges

By JP Reimann | 09/05/2018

New requirements include standards on system management, customer vetting, segregation of assets, removal of privacy coins, separation of duties.

Trading & Investment

Korea Joins Regional Peers in Adopting AI-based Market Surveillance

By JP Reimann | 08/05/2018

KRX launches new market surveillance system based on artificial intelligence; reduces time to secure data on suspicious transactions from 5 days to 1 hour.

Anti-Money Laundering

‘Privacy Coins’ Pose Money Laundering Risk – Japan FSA

By JP Reimann | 03/05/2018

Regulator is taking steps to discourage exchanges from trading privacy-focused cryptocurrencies favoured by criminals such as Monero, Dash, Zcash.

Structural Regulation

Japanese Banks Respond to HK OTC Derivatives Consultation

By Garima Chitkara | 30/04/2018

Japanese banking association asks for 6-12 months grace for implementing LEI requirements; urges for increased incentives to encourage smaller firms to obtain LEIs.

Capital Adequacy

Asia to Miss Key 2018, 2019 Basel III Deadlines – BIS report

By Garima Chitkara | 26/04/2018

Most Asian jurisdictions are behind on implementing counterparty credit risk measures, capital for CCP exposures as well as TLAC, IRRBB and LEX requirements.

Credit Risk

Bank of Japan Warns of Rising Credit Costs

By Garima Chitkara | 23/04/2018

Banks are urged to step up credit risk management and provisioning for lending to “middle-risk” firms that hold low internal funds.

Payments & Settlements

HK, Japan to Connect Settlement Systems

By JP Reimann | 19/04/2018

BOJ-NET link with HKD CHATS will effectively eliminate the need for the US dollar as an intermediate currency in cross-border transactions.

Resolution & Recovery

Japan, China Urge EU Regulators to Relax Foreign D-SIB Rules

By Manesh Samtani | 16/04/2018

Joint letter from Japan, China banking associations say €30bn IPU threshold will make provision of financial services in the EU unsustainable for member banks.

Tokenisation

Japan Proposes Regulatory Framework to Legalise ICOs

By Manesh Samtani | 09/04/2018

Government-backed research group proposes rules for identifying investors, preventing money laundering and protecting equity and debt holders.