JAPAN

ESG / Sustainability

Japan to ‘Nurture’ Green Bonds, Pilot Climate Scenario Analysis

By Ranamita Chakraborty | 03/09/2021

The BOJ and FSA are collaborating to measure the resilience of Japan’s three mega-banks and top three non-life insurers to the risks posed by climate change.

Enforcement

Mizuho Unable to Identify Cause of System Failure

By Editors | 02/09/2021

In a report to the FSA, Mizuho says it will revamp its system restoration procedures, review its customer response measures, and reassess its core banking system.

AML / KYC

FATF Releases Mutual Evaluation Report for Japan

By Manesh Samtani | 30/08/2021

The report says more needs to be done to combat organised crime and WMD proliferation risks, and a joint-agency body should be designated for setting national AML/CFT policies.

Crypto / Digital Assets

Japan: Crypto Firm Liquid Resumes Services Following $97m Hack

By Editors | 25/08/2021

Liquid has been tracing the movement of the stolen assets and working with other exchanges to freeze and recover the funds.

Market Infrastructure

Japan FSA Orders Mizuho to Explain Latest System Failure

By Editors | 24/08/2021

Mizuho Bank and Mizuho Trust were unable to complete customer transactions at all branches counters across Japan due to equipment failures.

Market Infrastructure

Japan Decides Start Date to Shift Cross-currency Swaps to RFRs

By Editors | 15/08/2021

Japan will change interdealer trading conventions for cross-currency basis swaps from LIBOR to RFRs on 21 September.

Market Infrastructure

Japan, UK Regulators Exchange Letters on CRA Supervision

By Editors | 11/08/2021

The letters set out a framework for cooperation on regulatory, supervisory and enforcement matters in relation to credit rating agencies.

ESG / Sustainability

Japan FSA Seeks Better Quality ESG, Climate Disclosures

By Editors | 10/08/2021

The FSA plans to establish a new framework for the certification of ESG-related products. It is also exploring mandatory climate risk disclosures.

Market Infrastructure

LIBOR Alternatives Gain Traction in Japan – Report

By Editors | 06/08/2021

OIS transactions based on TONA and TIBOR increased in July, suggesting alternative rates to JPY LIBOR are gaining traction.