FINANCIAL SERVICES AGENCY

    ESG / Sustainability

    Japan FSA Forms Subcommittee to Address ESG Data Issues

    By Editors | 07/02/2022

    The subcommittee was formed to formalise discussions with ESG rating and data providers on addressing issues relating to data quality and reliability.

    Market Infrastructure

    Tokyo Seeks Status as Asian Hub for Transition Finance

    By Editors | 04/02/2022

    Establishing Tokyo as a regional transition finance hub is part of a Kishida policy goal to create an “Asian zero-emission community”.

    Securities / Derivatives

    Japan FTC Warns of Possible Antitrust Breaches in IPO Pricing

    By Editors | 02/02/2022

    The FTC expressed concerns that securities firms could use their superior bargaining power to set IPO prices excessively low and disadvantage issuers.

    ESG / Sustainability

    Japan Considers Removing Quarterly Reporting Requirements

    By Editors | 02/02/2022

    A summary report setting out key considerations for the removal of quarterly reporting is expected to be released in the coming months.

    Mizuho Set to Formalise New Leadership to Address System Issues

    By Editors | 14/01/2022

    On Tuesday, Mizuho suffered its 10th system failure since February 2021, with business customers unable to access online banking for more than 3 hours that morning.

    Capital / Liquidity

    Japan Extends Leverage Ratio Relaxation to Support Bank Lending

    By Editors | 09/01/2022

    Central bank deposits will be excluded from total exposure when calculating the leverage ratio until the end of March 2024.

    Enforcement

    Mizuho Bank Reports 9th System Failure for 2021

    By Editors | 04/01/2022

    The failure was attributable to an error in Mizuho’s system settings for transactions occurring at night and on holidays, impacting ATM and online banking operations.

    Securities / Derivatives

    JSDA to Propose Shorter Time-to-Market for Japan IPOs – Report

    By Editors | 04/01/2022

    The JSDA will propose that IPO subscriptions be allowed during book-building, rather than having investors wait until the offer price is determined.

    Enforcement

    Japan SESC Recommends Fine for Insider Trading on Crypto Hack

    By Editors | 20/12/2021

    An individual who learned about the July 2019 theft of cryptocurrency from BITPoint Japan sold shares in its parent before the hack was publicly disclosed.

    AML / KYC

    Japan FSA Seeks to Introduce Restrictions on Stablecoin Issuance

    By Sanday Chongo Kabange | 09/12/2021

    The FSA reportedly seeks to propose legislation to only allow banks and wire transfer companies to issue stablecoins, and to regulate wallet providers.

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