JAPAN

Fintech / Regtech

Bank of Japan Concludes Phase One CBDC Testing

By Editors | 28/03/2022

Phase one testing explored the feasibility of CBDC issuance, distribution and redemption. Phase two will test additional functions starting next month.

Securities / Derivatives

Egypt Becomes First Middle East Nation to Issue Samurai Bonds

By Editors | 27/03/2022

Egypt has become the first country in the Middle East to issue samurai bonds in the Japanese market.

Enforcement

Tokyo Prosecutors Indict SMBC Nikko Securities, Five Others

By Editors | 24/03/2022

Prosecutors have filed charges against SMBC Nikko Securities and five others. The head of the firm’s equity division was also arrested.

Fintech / Regtech

Japan FSA Progresses Work on AI-based Translation System

By Editors | 19/03/2022

Translated financial documents were used as training data for the AI system, helping to improve the efficiency and accuracy of translations between Japanese and English.

AML / KYC

Japan Crypto Exchanges Ordered to Comply with Sanctions

By Editors | 17/03/2022

Fines up to JPY 1 million and up to three years’ imprisonment are specified for non-compliance with sanctions by crypto exchange platforms.

Capital / Liquidity

Japan to Further Delay Implementation of Basel III – Report

By Editors | 17/03/2022

Basel III implementation will be delayed until March 2024, due to the pandemic and the financial market turmoil caused by Russia’s invasion of Ukraine.

ESG / Sustainability

BOJ to Launch New Climate Survey in Fiscal 2022

By Sanday Chongo Kabange | 15/03/2022

The survey will seek responses from market participants to assess the functioning of Japanese financial markets in relation to climate change.

Securities / Derivatives

Japan FSA to Compel Listed Firms to Disclose Gender Ratios

By Sanday Chongo Kabange | 15/03/2022

An FSA task force is discussing new rules that would require listed companies to disclose their ratios of women in managerial positions.

Fintech / Regtech

Japan Crypto Industry Set to Adopt Travel Rule

By Editors | 13/03/2022

The travel rule will increase transparency on the individuals and entities crypto exchanges deal with, as the government seeks to prevent sanctions evasion.