JAPAN

    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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