JAPAN

Market Infrastructure

Japan Prepares Cyber Response Ahead of Tokyo Olympics

By Editors | 01/02/2020

In a September BOJ survey, 60% of banks said they were unable to secure enough staff to oversee cybersecurity, raising concerns of cyber attacks leading up to the Tokyo Olympics.

Japan to Launch New Benchmark Interest Rate by Mid 2021 – Report

By Editors | 31/01/2020

From around Q2 this year, ‘reference rates’ for the new benchmark will be released as a first step, which will not be used for actual transactions.

Fintech / Regtech

Japanese Lawmakers Working on ‘Digital Yen’ Proposal – Report

By Editors | 28/01/2020

The group of lawmakers reportedly plans to submit its proposal for a ‘digital yen’ to the government as early as next month.

Capital / Liquidity

Japan Banks to Hold More Capital Against Partner Relationships – Report

By Editors | 27/01/2020

Higher capital requirements could accelerate the unwinding of cross-shareholdings, a Japanese practice of owning shares in business partners.

Market Infrastructure

Japan to Allow Regional Banks to Expand Outside Core Business

By Editors | 17/01/2020

FSA commissioner Toshihide Endo wants struggling regional lenders to engage with customers and help them grow, as a way to boost bank profitability and regional economies.

Crypto / Digital Assets

Japan FSA to Limit Crypto Leverage to 2x Deposits – Report

By Editors | 15/01/2020

The rule will be stricter than the 4x leverage limit imposed by the Japan Virtual Currency Exchange Association, the industry’s self-regulatory organisation.

Securities / Derivatives

Japan FSA Issues New Guidance on Asset Manager Registration

By Editors | 14/01/2020

The guidebook is aimed at facilitating the smooth entry of asset management and other financial instruments businesses into Japan’s capital markets.

Market Infrastructure

Japan FSA Grants Client Clearing Licence to HKEX

By Editors | 09/01/2020

HKEX has announced that its central counterparty subsidiary, OTC Clear, has received approval to offer client clearing services to banks in Japan.

Market Infrastructure

ISDA Offers Guidance on Cross-Border Application of Margin Rules

By Editors | 08/01/2020

The guide seeks to help firms subject to margin rules analyse multiple foreign rule sets, identify situations in which different rules apply, and improve understanding on substituted compliance.