Financial Services Agency

    ESG / Sustainability

    Japan FSA Drafts Indicators to Assess Social Projects

    By Editors | 02/06/2022

    A draft set of indicators have been published which issuers can use to help them assess the social impacts of projects financed with social bonds.

    Fintech / Regtech

    Sumitomo Mitsui Trust to Establish Crypto Custody Company

    By Sanday Chongo Kabange | 25/05/2022

    The new company will be a joint venture between Japanese crypto exchange Bitbank and hold digital assets for institutional investors.

    Market Infrastructure

    Japan FSA Proposes Revisions to Derivatives Reporting Rules

    By Manesh Samtani | 19/05/2022

    The FSA is looking to implement the data requirements specified by CPMI-IOSCO’s CDE Technical Guidance “as much as possible”.

    Securities / Derivatives

    Japan FSA Issues Guidance on Preventing Archegos-style Incidents

    By Sanday Chongo Kabange | 24/04/2022

    Firms with securities businesses are expected to draw lessons from the shortcomings observed in the Archegos incident in order to foster a sound risk culture.

    Fintech / Regtech

    Japan FSA Publishes Research on Overseas Data Collection Platforms

    By Editors | 20/04/2022

    A survey of overseas authorities was conducted to inform the development of a “joint data platform” that will be used by both the FSA and BOJ.

    ESG / Sustainability

    FSA Issues Guidance to Japanese FIs on Using NGFS Scenarios

    By Editors | 19/04/2022

    The guidance will help Japanese financial institutions use of the NGFS scenarios to conduct climate-related financial risk analysis, the FSA said.

    Securities / Derivatives

    Japan to Remove Quarterly Reporting Requirements

    By Editors | 19/04/2022

    Legislation will be introduced in 2023 to remove a requirement for listed companies to provide the government with audited quarterly financial statements.

    AML / KYC

    FSA Offers Update on Work to Strengthen Japan’s AML System

    By Manesh Samtani | 17/04/2022

    Discussions are underway on the implementation of a new shared transaction monitoring and screening system. A new ‘beneficial ownership list system’ has been established.

    Enforcement

    Tokyo Prosecutors Indict SMBC Nikko Securities Deputy President

    By Editors | 14/04/2022

    The former deputy president is suspected of colluding with other staff to illegally manipulate stock prices to keep block trade deals with clients from falling through.

    Securities / Derivatives

    FSA Issues Guidance for Asset Managers Moving to Japan

    By Editors | 12/04/2022

    Regulatory requirements have also been amended to allow foreign securities companies entering the Japanese market to submit their registration applications in English.

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