Financial Services Agency

Conduct, Culture & Accountability

Japan FSA Considers Penalties for MUFG Entities

By Editors | 15/06/2024

Japan’s SESC has formally recommended penalties for three MUFG units for unauthorised sharing of client information.

Sustainable Finance

Japan Carbon Market Study Group Holds First Meeting

By Editors | 12/06/2024

Discussions centred around ensuring certification organisations are reliable and whether IOSCO’s recommendations should be adopted.

Credit Risk

Japan FIs Asked to Be “Sympathetic” When Covid Measures End

By Editors | 12/06/2024

FIs are asked to continue supporting business revitalisation efforts when the pandemic support measures expire at the end of June.

Structural Regulation

Japan Designates Four Cities as Special Asset Management Zones

By Editors | 07/06/2024

The government will work with Tokyo, Osaka, Sapporo, and Fukuoka to develop an attractive environment for asset managers.

Market Abuse

Japan FSA May Take Action Against MUFG Entities – Report

By Nithya Subramanian | 07/06/2024

MUFJ Bank and two affiliated securities firms allegedly shared nonpublic client information without consent.

Cryptocurrency

Japan FSA Directs Crypto Firm to Report on $300m Theft

By Editors | 06/06/2024

The FSA directed DMM Bitcoin to investigate and report on the cause of the theft. The government will monitor these efforts and “respond appropriately”.

Sustainable Finance

Japan Forms Group to Examine Carbon Market Infrastructure

By Editors | 06/06/2024

The new study group will examine the state of the infrastructure and market practices for carbon credit trading in Japan.

Anti-Money Laundering

Japan’s AML Landscape and the Need for Effective Governance

By Bradley Maclean | 03/06/2024

Former regulator and AML subject matter expert Hiroshi Ozaki discusses Japan’s financial crime threat landscape and how firms can mitigate risk through effective governance.

Capital Adequacy

Japan’s Norinchukin Bank to Raise $7.7b in Capital

By Manesh Samtani | 22/05/2024

The bank needs to strengthen its capital base after interest rate increases went beyond expectations and caused significant unrealised losses on its foreign bond investments.