Japan

Enforcement

Japan FSA to Oversee System Improvements at Mizuho – Report

By Editors | 22/09/2021

An FSA team will directly oversee a system inspection and improvements at Mizuho following seven system failures at the bank this year.

Securities / Derivatives

JSDA to Form Industry Panel to Review IPO Pricing Mechanism

By Editors | 20/09/2021

Startups say IPO prices are set too low prior to listing and that they have often surged on listing. Brokers say the gaps are caused by volatility.

Market Infrastructure

OSE, TOCOM Launch New Derivatives Trading System

By Editors | 20/09/2021

J-GATE 3.0 will help to expand market liquidity and improve reliability and convenience for investors and trading participants.

Capital / Liquidity

JBA Calls for Global Cryptoasset Regulations for Non-banks

By Manesh Samtani | 15/09/2021

A global regulatory framework for cryptoassets that only includes banks would exacerbate rather than contain financial stability risks.

Market Infrastructure

Mizuho Suffers Seventh System Failure For the Year

By Editors | 12/09/2021

The latest failure disrupted about 100 ATMs due to a “hardware problem”, though affected services were restored quickly.

ESG / Sustainability

Japan Proposes Mandatory Climate Risk Disclosures

By ESG Investor | 06/09/2021

FSA to replace the ‘comply or explain’ model to help tackle climate change and give investors more insight on leading companies.

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.