JAPAN

Securities / Derivatives

JSDA Proposes Measures to Improve IPO Pricing Mechanism

By Editors | 03/03/2022

JSDA proposes to allow brokers greater flexibility in IPO price-setting, and to allow prices to exceed pre-set bands if demand is strong.

AML / KYC

Singapore, Korea, Switzerland Announce Sanctions Against Russia

By Manesh Samtani | 01/03/2022

Singapore will block certain Russian banks and financial transactions connected to Russia. Major Singapore banks are already restricting trade financing for Russian commodities.

Fintech / Regtech

JPX Acquires Stake in Mitsui-Backed Crypto Exchange

By Editors | 28/02/2022

JPX says the investment will help it strengthen its relationship with the issuer of ZipangCoin, a new digital currency pegged to the price of gold.

AML / KYC

Russia Facing Comprehensive Sanctions Over Ukraine Invasion

By Manesh Samtani | 25/02/2022

The US is targeting all ten of Russia’s largest financial institutions. Russian access to most major markets has been restricted.

Market Infrastructure

Japan FSA to Inspect FIs for Cybersecurity Effectiveness

By Editors | 22/02/2022

The FSA will carry out inspections to verify the effectiveness of cyber security systems at FIs. Common issues and good practices identified will be shared with the industry.

Enforcement

FSA Issues Business Improvement Order to Mizuho, Again

By Editors | 18/02/2022

The business improvement order requires Mizuho and its parent to report to the FSA about the cause of another system failure which halted ATM operations on 11 February.

ESG / Sustainability

JPX Commences Research On ‘Digitally Tracked Green Bonds’

By Editors | 14/02/2022

JPX plans to issue the bond to help it achieve carbon neutrality, while at the same time enabling investors to track its progress over time.

Crypto / Digital Assets

Mitsui to Launch Japan’s First Gold-Pegged Cryptocurrency

By Mark Johnston | 08/02/2022

ZipangCoin will be made available to retail investors this month through Digital Asset Markets Inc, which is partly owned by Mitsui & Co.

ESG / Sustainability

Japan FSA Forms Subcommittee to Address ESG Data Issues

By Editors | 07/02/2022

The subcommittee was formed to formalise discussions with ESG rating and data providers on addressing issues relating to data quality and reliability.