Japan

Capital / Liquidity

Japan to Further Delay Implementation of Basel III – Report

By Editors | 17/03/2022

Basel III implementation will be delayed until March 2024, due to the pandemic and the financial market turmoil caused by Russia’s invasion of Ukraine.

ESG / Sustainability

BOJ to Launch New Climate Survey in Fiscal 2022

By Sanday Chongo Kabange | 15/03/2022

The survey will seek responses from market participants to assess the functioning of Japanese financial markets in relation to climate change.

Securities / Derivatives

Japan FSA to Compel Listed Firms to Disclose Gender Ratios

By Sanday Chongo Kabange | 15/03/2022

An FSA task force is discussing new rules that would require listed companies to disclose their ratios of women in managerial positions.

Fintech / Regtech

Japan Crypto Industry Set to Adopt Travel Rule

By Editors | 13/03/2022

The travel rule will increase transparency on the individuals and entities crypto exchanges deal with, as the government seeks to prevent sanctions evasion.

Market Infrastructure

BOJ Forms Cross-Industry Forum on Interest Rate Benchmarks

By Editors | 09/03/2022

The Forum will facilitate discussions on efforts to enhance the reliability of JPY interest rate benchmarks and practical issues related to the choice and usage of those benchmarks.

AML / KYC

Japan to Freeze More Russian Assets, Block More Exports

By Editors | 08/03/2022

Japan has added 32 Russian and Belarusian officials and oligarchs to its sanctions list and will freeze the assets of an additional four banks.

Enforcement

SMBC Nikko Employees Arrested in Manipulation Probe

By Editors | 07/03/2022

Two Japanese and two foreign nationals were arrested for allegedly manipulating at least five stocks when handling block orders for clients.

Securities / Derivatives

JSDA Proposes Measures to Improve IPO Pricing Mechanism

By Editors | 03/03/2022

JSDA proposes to allow brokers greater flexibility in IPO price-setting, and to allow prices to exceed pre-set bands if demand is strong.

AML / KYC

Singapore, Korea, Switzerland Announce Sanctions Against Russia

By Manesh Samtani | 01/03/2022

Singapore will block certain Russian banks and financial transactions connected to Russia. Major Singapore banks are already restricting trade financing for Russian commodities.