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.