Financial Services Agency

Conduct, Culture & Accountability

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.

Reporting & Disclosures

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.

Credit Risk

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.

Market Abuse

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.

Clearing & Post-Trade

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.

Data Privacy

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.

Market Abuse

Japan FSA Orders MUFG Units to Correct Control Deficiencies

By Mark Johnston | 26/06/2024

The MUFG units breached Japan’s “firewall” regulations by sharing non-public client information without authorisation, the FSA said.

Structural Regulation

Japan FSA Working to Enhance Transparency of Shareholders

By Manesh Samtani | 19/06/2024

Custodians typically exercise voting rights based on instructions from beneficial shareholders, but it is often difficult to identify who those shareholders are.

Anti-Money Laundering

Japan to Tighten AML Controls to Target Organised Crime

By Manesh Samtani | 18/06/2024

Prompted by a $444mn money laundering case, Japanese regulators will ask banks to do more to detect criminal abuse of accounts.