JAPAN

Capital / Liquidity

Japan FSA Proposes Revisions to Leverage Ratio Requirements

By Editors | 07/11/2021

For internationally-active banks, the new leverage ratio requirements will commence from 31 March 2023 and for other banks one year later.

ESG / Sustainability

Tokyo Revises Global City Vision, Pivots To Green Finance

By Mark Johnston | 04/11/2021

Tokyo has launched version 2.0 of its global financial city ambitions, with green financing and fintech becoming central pillars of its revised strategy.

Enforcement

SMBC Nikko Securities Under Market Manipulation Probe – Report

By Ranamita Chakraborty | 04/11/2021

Employees are said to have traded several stocks to support their prices to ensure the completion of block deals conducted after market hours.

AML / KYC

Japan to Require Companies to Disclose Major Shareholders

By Editors | 03/11/2021

Banks will be able to ask companies to submit information about their major shareholders when opening accounts or making loans.

Securities / Derivatives

Japan Unifies Licensing System for Financial Services

By Editors | 03/11/2021

The change will allow agents of financial service firms to sell financial products such as loans, investments and insurance under a single license.

Market Infrastructure

Transition Away From JPY LIBOR Making ‘Great Progress’

By Editors | 02/11/2021

More than 85% of loans and over 99% of derivatives that reference JPY LIBOR and mature after 2021 already incorporate fallback provisions.

Securities / Derivatives

Japan FSA Finalises Guidelines on Social Bond Issuance

By Editors | 31/10/2021

Under the guidelines, social bond issuers have to make annual disclosures on the use of the proceeds and the social benefits they yield.

Market Infrastructure

Tokyo Bourse Outlines Plans to Enhance Cash Equity Market

By Manesh Samtani | 31/10/2021

The TSE will extend its trading day by 30 minutes alongside a major trading system upgrade in 2024. A five-minute closing auction session may also be introduced.

Crypto / Digital Assets

Tokyo Court Confirms $9bn Plan to Repay Mt Gox Creditors

By Editors | 30/10/2021

The rehabilitation plan will lead to the distribution of more than $9bn to investors who lost bitcoins when Mt Gox closed more than seven years ago.