FINANCIAL SERVICES AGENCY

Enforcement

JSDA Fines MUFG Units for Sharing Client Information

By Editors | 23/09/2024

Mitsubishi UFJ Bank and two affiliated securities firms were fined for sharing non-public information without permission.

ESG / Sustainability

Japan to Loosen Rules on Bank Investment in Green Projects

By Thisanka Siripala | 23/09/2024

Proposed draft legislation will ease restrictions on bank investments in Green Transformation (GX) related companies.

Crypto / Digital Assets

Ripple Considers Issuing Japanese Yen Stablecoin – Reports

By Thisanka Siripala | 12/09/2024

Ripple CEO Brad Garlinghouse hinted that Ripple could issue a yen stablecoin once its planned USD stablecoin is approved in the US.

Market Infrastructure

Japan Proposes to Allow Foreign Institutions to Handle Domestic Securities

By Thisanka Siripala | 08/09/2024

Under the proposed revision, international platforms can be used for trading and settling domestic securities, provided they meet specific criteria and are approved by regulators.

Securities / Derivatives

Korean and Japanese Regulators Agree to Strengthen Cooperation

By Thisanka Siripala | 08/09/2024

The FSC’s Kim Byung-hwan and FSA’s Hideki Ito committed to advancing bilateral cooperation in order to better respond to financial market volatility.

Enforcement

Japanese Insurers Under Microscope for 2.5m Data Breaches

By Thisanka Siripala | 06/09/2024

Four insurance agencies found leaks of personal information by employees to try and win business and encourage customers to switch providers.

Crypto / Digital Assets

Japan FSA Calls for Lower Taxes on Crypto for Individuals

By Thisanka Siripala | 05/09/2024

The FSA says gains from trading and investing in crypto should be taxed at a 20% flat rate, the same as traditional financial assets.

Capital / Liquidity

Japan FSA to Strengthen Monitoring of Financial Institutions

By Thisanka Siripala | 04/09/2024

The FSA’s priorities include a stronger focus on corporate governance, risk management, and the asset management reforms.

AML / KYC

Japan Strengthens Measures to Prevent Fraudulent Use of Bank Accounts

By Manesh Samtani | 26/08/2024

The FSA and National Police Agency have asked FIs to implement enhanced measures to prevent the fraudulent use of bank accounts.