JAPAN

Enforcement

MUFG Pledges to Prevent Recurrence of ‘Firewall’ Breaches

By Editors | 22/07/2024

MUFG will cut the pay of several top executives and has pledged to implement specific improvement measures to prevent any recurrence.

Enforcement

Visa Suspected of Violating Japan’s Antimonopoly Act – Reports

By Editors | 21/07/2024

The FTC is probing Visa’s local unit and plans to explore whether its US headquarters and Singapore unit played a role in the suspected violations.

ESG / Sustainability

Japan FSA to Promote Earlier Issuance of Annual Reports

By Editors | 20/07/2024

The FSA will soon hold a market consultation on measures to encourage companies to issue annual reports early, as recommended by the ICGN.

Enforcement

Japan Makes First Arrest for Russia Export Control Violation

By Editors | 15/07/2024

A Russian national operating a trading company in Osaka was arrested for illegally exporting restricted goods to Russia via South Korea.

Capital / Liquidity

Japan FSA Establishes Specialist Team at Kirayaka Bank

By Editors | 14/07/2024

The specialist team will provide advice to the troubled bank on management restructuring and improving its loan screening system.

Enforcement

Japan SESC Probing MUFG Employee for Insider Trading

By Editors | 10/07/2024

The employee is suspected of divulging nonpublic information to a family member who profited from trading based on the information.

Securities / Derivatives

JSDA Seeks to Add Protection Clauses to Corporate Bonds

By Editors | 10/07/2024

JSDA will reportedly encourage the use of change of control clauses and reporting covenants in corporate bonds with lower ratings.

Market Infrastructure

Japan, Canadian Regulators Sign MoC on CCP Supervision

By Editors | 10/07/2024

The MoC will enhance cooperation in the supervision of cross-border clearing agencies operating as CCPs in Ontario and Japan.

Crypto / Digital Assets

Defunct Crypto Exchange Mt Gox Starts Repaying Creditors

By Editors | 09/07/2024

Mt. Gox was forced to close in 2014 after a major hack. Creditors have waited 10 years for repayments, which are now expected to be completed within 90 days.