FINANCIAL SERVICES AGENCY

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    Fintech / Regtech

    Japan FSA to Start Using AI for Monitoring Soundness of FIs

    By Editors | 17/08/2024

    The new system is being put in place to speed up the detection of issues in the financial system and help prevent financial crises and bank failures.

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    Enforcement

    FSA Japan Launches Probe into Cross-Shareholdings Disclosures

    By Mark Johnston | 15/08/2024

    The FSA will investigate whether 4,000 listed companies are transparently and accurately reporting their strategic shareholdings.

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    Japan, Netherlands Sign MoC on Banking Supervision

    By Editors | 31/07/2024

    Japan’s FSA and the Dutch central bank agree to cooperate and exchange information necessary for the supervision of banks that operate in both jurisdictions.

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    Crypto / Digital Assets

    Crypto Firm Gate.io Leaves Japanese Market to Comply With Law

    By Thisanka Siripala | 24/07/2024

    Gate.io said it has stopped opening new accounts for Japanese residents and will remove Japanese language support.

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    Enforcement

    MUFG Pledges to Prevent Recurrence of ‘Firewall’ Breaches

    By Editors | 22/07/2024

    MUFG will cut the pay of several top executives and has pledged to implement specific improvement measures to prevent any recurrence.

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    ESG / Sustainability

    Japan FSA to Promote Earlier Issuance of Annual Reports

    By Editors | 20/07/2024

    The FSA will soon hold a market consultation on measures to encourage companies to issue annual reports early, as recommended by the ICGN.

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    Capital / Liquidity

    Japan FSA Establishes Specialist Team at Kirayaka Bank

    By Editors | 14/07/2024

    The specialist team will provide advice to the troubled bank on management restructuring and improving its loan screening system.

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    Enforcement

    Japan SESC Probing MUFG Employee for Insider Trading

    By Editors | 10/07/2024

    The employee is suspected of divulging nonpublic information to a family member who profited from trading based on the information.

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    Market Infrastructure

    Japan, Canadian Regulators Sign MoC on CCP Supervision

    By Editors | 10/07/2024

    The MoC will enhance cooperation in the supervision of cross-border clearing agencies operating as CCPs in Ontario and Japan.

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    Fintech / Regtech

    Japan Issues Update on Granular Data Reporting Initiative

    By Manesh Samtani | 08/07/2024

    The FSA and BOJ started collecting granular data in a phased manner in fiscal 2023. Full-scale data collections will start in March 2025.

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