Japan

    Market Infrastructure

    Japan FSA Calls on Market to Complete LIBOR Transition Efforts

    By Manesh Samtani | 09/06/2022

    Only a small number of JPY LIBOR contracts remain that still need to complete the transition, but USD LIBOR rates are “still widely used” by Japanese FIs and corporates.

    Fintech / Regtech

    OJK Indonesia to Enhance Regulatory Cooperation with APRA, FSA

    By Editors | 08/06/2022

    The APRA MoU is focused on banking and insurance supervision. The FSA agreement focuses on digital innovation in the financial services sector.

    Crypto / Digital Assets

    Japan Approves Law Clarifying Legal Status of Stablecoins

    By Manesh Samtani | 05/06/2022

    Under the revision bill, only licensed banks, trust companies, and registered money transfer agents will be able to issue stablecoins.

    ESG / Sustainability

    Japan FSA Drafts Indicators to Assess Social Projects

    By Editors | 02/06/2022

    A draft set of indicators have been published which issuers can use to help them assess the social impacts of projects financed with social bonds.

    Crypto / Digital Assets

    BOJ Releases Phase One Findings from CBDC Testing

    By Editors | 01/06/2022

    Phase one of CBDC experimentation was conducted from April 2021 to March 2022. The BOJ tested three CBDC ledger design alternatives.

    Securities / Derivatives

    Japan FSA Revises Rules on Best Execution Policy

    By Editors | 28/05/2022

    Securities firms are required to provide customers with easy-to-understand descriptions of their best execution policy.

    Fintech / Regtech

    Sumitomo Mitsui Trust to Establish Crypto Custody Company

    By Sanday Chongo Kabange | 25/05/2022

    The new company will be a joint venture between Japanese crypto exchange Bitbank and hold digital assets for institutional investors.

    Market Infrastructure

    Japan FSA Proposes Revisions to Derivatives Reporting Rules

    By Manesh Samtani | 19/05/2022

    The FSA is looking to implement the data requirements specified by CPMI-IOSCO’s CDE Technical Guidance “as much as possible”.

    Crypto / Digital Assets

    Nomura to Establish New Subsidiary Dedicated to Digital Assets

    By Editors | 18/05/2022

    The new subsidiary will combine digital asset services under a single entity that will have about 100 staff by end-2024.

    Market Infrastructure

    Tokyo Bourse to Pilot Carbon Market in September

    By Editors | 17/05/2022

    The TSE has been commissioned to develop Japan’s first carbon credits market. Full-scale operations will be launched in FY2023-2024.

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