JAPAN

Capital / Liquidity

Japan, EU Boost Cooperation on Insurance Supervision

By Ranamita Chakraborty | 06/03/2021

EIOPA will provide the FSA advice on an equivalence decision under the EU’s Solvency II framework and, later, the monitoring of this decision.

Market Infrastructure

Japan Close to Decision on Lower Interbank Transfer Fees

By Editors | 06/03/2021

Interbank transfer fees have remained the same for over 40 years. A reduction in interbank EFT fees may be implemented as soon as October.

Market Infrastructure

Tokyo Exchange Obtains ESMA Recognition Under BMR

By Editors | 04/03/2021

A total of 192 benchmarks administered by the TSE are listed as in scope, including key benchmarks TOPIX and JPX-Nikkei Index 400, as well as their sub-indices.

ESG / Sustainability

Japan FSA To Review ESG Fund Labelling Rules

By Sanday Chongo Kabange | 04/03/2021

Discussions with asset managers and fund distributors may start by June to assess whether rules for mutual fund labels can guard against greenwashing.

Market Infrastructure

Japan’s Mizuho Bank Suffers Another Outage at ATMs

By Editors | 04/03/2021

Another system failure took down 29 Mizuho ATMs for three hours on Wednesday, just days after more than 5,000 ATMs went offline.

Securities / Derivatives

Japan FSA Set to Revise Corporate Governance Code

By Editors | 02/03/2021

The new code will require listed companies to have more independent board directors, promote management diversity, and improve environmental disclosures.

ESG / Sustainability

BOJ, FSA to Analysis Climate Impacts on Banks This Year

By Editors | 02/03/2021

The BOJ will reportedly work with the FSA to analyse the impact of climate risks on banks in this year’s examinations.

Market Infrastructure

FSA to Seek Report from Mizuho Over ATM Network Shutdown

By Editors | 02/03/2021

A system glitch caused the shutdown of over half of Mizuho’s ATMs on Sunday, with internet banking transactions also partially halted.

AML / KYC

Japan FSA to Roll Out New AML System in Fiscal 2021

By Editors | 12/02/2021

The FSA will share access to the new system, which will use AI to monitor for unusual transactions and persons suspected of illegal activity.