JAPAN

Securities / Derivatives

TSE Invites Firms to Register for New RFQ Platform for ETFs

By Editors | 01/11/2020

The new platform, CONNEQTOR, will be ready for production use next month, allowing institutional investors to send RFQs to market makers.

Market Infrastructure

Japan Lawmakers to Propose Streamlining FSA, BOJ Bank Inspections

By Editors | 22/10/2020

Lawmakers reportedly plan to propose that the FSA and BOJ create a committee to address complaints from FIs concerning an overlap between the two agencies in bank inspections.

AML / KYC

Japan FSA to Mandate Stricter ID Checks for E-payments

By Editors | 20/10/2020

The FSA plans to revise its guidelines for bank transfers to e-payment service providers in response to a series of fraudulent withdrawals.

Market Infrastructure

Tokyo Stock Exchange Faces FSA Probe Over System Outage

By Manesh Samtani | 20/10/2020

Based on an on-site investigation and findings from JPX’s own investigative committee, the FSA will consider issuing a business improvement order.

Fintech / Regtech

Japan FSA to Debut Online Filing Platform by March 2021

By Editors | 18/10/2020

The FSA plans to update its ordinances and guidelines to enable a complete shift to online applications and filings by March 2022.

Market Infrastructure

Japan Financial Hub Ambitions Centre on Three Cities – Report

By Editors | 13/10/2020

Prime Minister Yoshihide Suga reportedly plans to quickly address issues concerning taxation, residency requirements and language support to attract foreign talent.

Fintech / Regtech

BOJ to Commence CBDC Testing as Early as April 2021

By Editors | 12/10/2020

A proof of concept will take place over two phases, followed by a possible pilot programme involving private payment service providers and end-users.

Capital / Liquidity

Japan: Bank Stress Tests to Use Covid-19 as Baseline Scenario

By Editors | 08/10/2020

The BOJ and FSA jointly stress-tested banks using a common scenario for the first time in December. This year’s stress tests will use the Covid-19 pandemic as the common scenario.

Market Infrastructure

JPX Forms Committee to Investigate TSE System Failure

By Editors | 06/10/2020

The TSE said a failure occurred in a memory module of an Arrowhead shared disk device, where operations did not switch over to a secondary device due to a device setting.