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Capital Adequacy
Japan Plans for Basel III Implementation in March 2023
By Editors | 31/03/2020
The FSA also said NSFR implementation is being deferred by one year to April 2021, as the BOJ relaxes the eligibility requirements for firms to participate in its market operations.
Trading & Investment
BOJ Carries Out Emergency Operations to Curb Bond Volatility
By Editors | 20/03/2020
The 1.3 trillion yen emergency bond-buying operation to was aimed at stabilising the debt market given its recent volatility, the BOJ said.
Payments & Settlements
Fed Establishes FX Swap Lines with Nine Central Banks
By Editors | 19/03/2020
Temporary currency swap lines will be established with 9 central banks – including BOK, RBA, MAS and RBNZ – to lessen the strain on US dollar funding markets.
Liquidity Risk
UPDATED – BOJ Introduces New Lending Facility, Expands Asset Purchases
By Editors | 16/03/2020
The new 8 trillion yen lending facility will offer banks one-year, zero-interest loans collateralised by corporate debt securities. The BOJ is also doubling its annual ETF purchase capacity.
Structural Regulation
BOJ, FSA Publish Findings on LIBOR Transition Progress
By Editors | 15/03/2020
About 50% of the 6.3 quadrillion yen in notional derivatives referencing LIBOR will mature after 2021, but “very few” contracts incorporate fallback provisions.
Liquidity Risk
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.
Emerging Prudential Risks
Central Banks Act to Mitigate Covid-19 Economic Threat
By Editors | 04/03/2020
The HKMA has responded to the US rate cut with a cut of its own. The RBA and BNM have also cut their key policy rates, while the BOJ focuses on asset purchases.
Trading & Investment
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.
Operational Risk
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 Data & Technology
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.
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