Japan

Big Picture

Citadel Securities Offers Best Practices to Address Exchange Outages

By Manesh Samtani | 24/06/2021

Common issues that have compounded the impact of recent outages continue to be largely overlooked by some exchanges.

BOJ Extends Covid-19 Support Measures Until March 2022

By Ranamita Chakraborty | 22/06/2021

The BOJ also said it will introduce a new programme to support investment and loans made by FIs to address climate change issues.

ESG / Sustainability

Japan Panel Offers Recommendations on Sustainable Finance

By Sanday Chongo Kabange | 22/06/2021

The panel says the FSA should introduce a code of conduct for ESG data providers and develop an information platform for ESG-related bonds.

Market Infrastructure

CBIRC Approves First Fully Foreign Owned Money Broker

By Editors | 20/06/2021

Japan’s Ueda Yagi Tanshi will become the first foreign firm to commence currency brokerage business in China under a fully-owned unit.

ESG / Sustainability

Japan: Revised Corporate Governance Code Takes Effect

By Manesh Samtani | 16/06/2021

The new code seeks to enhance board independence, promote board diversity, and increase attention on sustainability and ESG issues.

Market Infrastructure

Japan FSA Considers Sanctioning Mizuho for System Glitches

By Ranamita Chakraborty | 15/06/2021

A new report from a third-party committee has attributed the bank’s system failures to poor corporate culture within Mizuho Financial Group.

Enforcement

Japan FSA Orders Suspension of SBI Social Lending Unit

By Editors | 14/06/2021

SBI Social Lending Co solicited funds from investors with false or misleading information in lending agreements.

Securities / Derivatives

Probe Finds Japan Officials, Toshiba Colluded Against Shareholders

By Editors | 13/06/2021

Foreign investors including Effissimo, Harvard Management Company and 3D Investment Partners were pressured to change their voting.

AML / KYC

Japan FSA Sets Hard Deadline for Full AML/CFT Compliance

By Editors | 07/06/2021

The FSA has directed FIs to formulate a plan that ensures full compliance with its AML/CFT guidelines by March 2024.