FINANCIAL SERVICES AGENCY

Capital / Liquidity

Investors Sue MUFG Unit Over Credit Suisse AT1 Losses

By Editors | 01/09/2023

The plaintiffs say Mitsubishi UFJ Morgan Stanley Securities sold them the AT1 bonds without providing sufficient explanations and in violation of suitability rules.

AML / KYC

Japan Warns of Surge in Phishing Attacks Targeting Internet Banking Users

By Mark Johnston | 09/08/2023

The FSA and NPA say the number of phishing cases reached 2,322 in the first half of 2023, the highest number ever.

Enforcement

FSA Japan Probes Insurers Following Price-Fixing Allegations

By Editors | 06/08/2023

Four insurers allegedly colluded on setting premiums for clients such as oil refiners, steel companies and public transportation operators.

Enforcement

FSA Japan Probes Sales of Credit Suisse AT1 Bonds

By Editors | 04/08/2023

At least one Japanese investor was told around fall last year that Credit Suisse AT1 bonds were safer than stock.

ESG / Sustainability

Sustainable Finance in Japan Makes Steady Progress: FSA

By Ranamita Chakraborty | 02/08/2023

The Japanese FSA’s expert panel on sustainable finance has published its third progress report on sustainable finance initiatives in the country, highlighting policy trends and updates.

ESG / Sustainability

Japan FSA Seeks Industry Input on Impact Investment Guidelines

By Editors | 01/08/2023

The guidelines set out four key principles of impact investment, and encourages dialogue with investee companies to assist them in creating or accelerating change.

ESG / Sustainability

Japan Names 17 Firms That Endorse New Code of Conduct on ESG Data

By Editors | 30/07/2023

Endorsers include Bloomberg LP, Clarity AI, FTSE Russell, ICE, ISS ESG, Moody’s Japan, Morningstar Sustainalytics, MSCI ESG Research, Refinitiv, and S&P Global Ratings Japan.

ESG / Sustainability

MAS Proposes Industry Code for ESG Data Providers

By Editors | 28/06/2023

The code establishes industry standards of transparency in methodologies and data sources, governance, and conflicts of interest management.

ESG / Sustainability

EU ESG Ratings Rules Risk Regulatory Fragmentation

By ESG Investor | 28/06/2023

Proposed framework aims to tackle conflict of interest concerns, but fails to address “quality of raw ESG data”.