Japan

Fintech / Regtech

JPX Creates New Subsidiary to Accelerate Market Innovation

By Mark Johnston | 04/12/2021

The new subsidiary will enable JPX to accelerate its work to diversify its businesses, advance the sophistication of its services, and improve market efficiency.

ESG / Sustainability

BOJ Outlines Three ‘Essential’ Elements of Climate Response

By Mark Johnston | 03/12/2021

BOJ governor Haruhiko Kuroda discussed scenario analysis, sustainable finance, and enhanced disclosures.

ESG / Sustainability

Disclosure on All TCFD Categories Increasing Year by Year: JPX

By Sanday Chongo Kabange | 01/12/2021

Of the 259 TCFD-supporting companies surveyed, 42 had disclosures in all 11 TCFD categories; 36 did not have disclosures in any of the categories.

Enforcement

Japan FSA Orders Mizuho to Undergo Structural Reforms

By Editors | 29/11/2021

Mizuho is directed to formulate plans to improve its governance and prevent more system failures from occurring. Three top executives will resign.

ESG / Sustainability

Japan FSA Calls for Sharper Focus on ‘Transition’ Concept

By Mark Johnston | 29/11/2021

The FSA’s Satoshi Ikeda says corporate disclosures need to capture genuine progressive efforts towards achieving carbon net zero, not just point-in-time snapshots.

Fintech / Regtech

Japanese Banks, Companies to Test Run Digital Currency

By Manesh Samtani | 24/11/2021

A group of over 70 companies, banks, and organisations plans to bring a digital currency known as DCJPY into circulation in the second half of 2022.

Market Infrastructure

Japan Unveils Decisions on Treatment of Legacy LIBOR Contracts

By Manesh Samtani | 23/11/2021

Synthetic JPY LIBOR may be used if the contracting parties agree to do so, as well as in “exceptional cases” where it is difficult to proceed with negotiations.

Fintech / Regtech

Japan FSA Publishes Principles for Model Risk Management

By Manesh Samtani | 22/11/2021

The FSA published the principles to catalyse further development of model risk management practices in the industry and prevent risk.

Enforcement

Japan FSA to Issue New Orders to Mizuho Over System Glitches

By Editors | 21/11/2021

The FSA will issue a new business improvement order this month over Mizuho’s system glitches, one of which resulted in possible breaches of AML rules.