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Japan Approves Trillion-Yen Aid Package to Support Economy
By Editors | 10/03/2020
The package includes low- and zero-interest loans for the hardest hit SMEs and self-employed workers, and additional support for larger companies through public financial institutions.
Fintech / Regtech
JPX to Test DLT Information Sharing in Securities Post Trade
By Editors | 10/03/2020
The pilot testing will seek to address inefficiencies in the securities post-trade process that arise as a result of data and workflow mismatches between trading counterparties.
Market Infrastructure
BOJ Begins Publishing Securities Financing Transaction Data
By Editors | 02/03/2020
The data is collected monthly from approximately 50 financial institutions with the largest SFT trading volume, including transactions with overseas counterparties and intra-group transactions.
Enforcement
Japan FSA Fines Nissan $22m Over Ghosn Misconduct
By Editors | 01/03/2020
The fine is the second-highest penalty ever imposed by the FSA, and a response to 8 years of under-reported remuneration by Nissan’s former chairman Carlos Ghosn.
Market Infrastructure
BOJ Enquires into Banks’ Covid-19 Contingency Plans
By Editors | 28/02/2020
Risks to the banking system came into focus on Thursday when MUFG became the first major Japanese bank to report an infection.
Market Infrastructure
Japan’s Quick Corp Selected to Calculate, Publish Prototype Terms Rates
By Editors | 27/02/2020
Part of the Nikkei Group, Quick Corp will start preparing to calculate and publish prototype term rates based on JPY overnight index swaps.
Securities / Derivatives
Japan: New Foreign Investment Rule to Impact Up to 500 Listed Firms
By Editors | 24/02/2020
Proposed ministry orders currently being finalised will reportedly exempt a wide range of foreign financial institutions and hedge funds from the reporting requirement.
Capital / Liquidity
JBA Rebuts BCBS Proposal on Sovereign Exposure Disclosures
By Manesh Samtani | 18/02/2020
The JBA said the BCBS should focus on ensuring full, timely and consistent implementation of Basel III reforms, rather than setting “fragmentary voluntary add-ons”.
Enforcement
Nissan Seeks Damages from Former Chairman Carlos Ghosn
By Editors | 14/02/2020
The lawsuit seeks $90mn initially, seeking to recover funds linked to fraudulent payments, as well as legal, regulatory and investigation costs already incurred by Nissan.
Fintech / Regtech
More Japanese Lawmakers Push for ‘Digital Yen’
By Editors | 13/02/2020
Former Ministry of Finance official Kozo Yamamoto says proposals are being drafted to make a digital yen a reality within two to three years.
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