FINANCIAL SERVICES AGENCY

Enforcement

Japan FSA Identifies Two More Safe Deposit Box Thefts

By Editors | 30/12/2024

There are now three cases of employees embezzling customer assets from safe deposit boxes at financial institutions.

Securities / Derivatives

Japan FSA to Establish New Asset Management Division

By Editors | 30/12/2024

The FSA aims to develop the asset management industry as the fourth financial industry pillar alongside banking, securities, and insurance.

AML / KYC

Japan FSA Orders AEON Bank to Improve AML/CFT Systems

By Manesh Samtani | 27/12/2024

The FSA said AEON Bank neglected at least 14,639 transactions detected by its surveillance system and takes too long to report suspicious transactions

JBA Directs Banks to Conduct Inspections on Safe Deposit Boxes

By Editors | 23/12/2024

The notice to banks, which lists specific examples of inspection items, is a response to the theft of over JPY 1 billion from customers’ safe deposit boxes.

Securities / Derivatives

Japan FSA Forms Liaison Council to Promote Earlier Issuance of Annual Reports

By Editors | 20/12/2024

The FSA said the number of listed companies that issue securities reports before their AGMs is still currently limited.

Enforcement

JSDA Fines Nomura Over JGB Futures Manipulation Case

By Editors | 19/12/2024

The FSA, OSE and TSE have each already penalised Nomura Securities for JGB futures manipulation by one of its traders in March 2021.

Enforcement

Japan FSA Orders MUFG to File Report on Safe Deposit Box Thefts

By Sanday Chongo Kabange | 18/12/2024

The FSA ordered MUFG Bank to submit a report on the theft of customer assets from 60 safe deposit boxes by a former employee.

Enforcement

JPX Penalises Nomura Over JGB Futures Manipulation Case

By Sanday Chongo Kabange | 17/12/2024

OSE has imposed a fine and a threeday JGB futures trading suspension on Nomura Securities while the TSE issued a reprimand.

Fintech / Regtech

Model Risk Management at Japan Banks Gaining Sophistication: FSA

By Manesh Samtani | 15/12/2024

The FSA says FIs should continue refining their model risk management frameworks, prioritising AI-specific models.