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Market Infrastructure
Japan Sets End Date for New JPY LIBOR Interest Rate Swaps
By Manesh Samtani | 20/04/2021
New interest rate swaps referencing JPY LIBOR and maturing after the end of 2021 should cease by end-September 2021.
Enforcement
Nomura Establishes Internal Team to Probe Archegos Loss
By Sanday Chongo Kabange | 13/04/2021
Nomura has set up the team to look into the bank’s risk management practices. It plans to disclose details of Archegos loss in late April.
ESG / Sustainability
New TSE Chief Eyes ESG Focus In Reorganisation Plan
By Sanday Chongo Kabange | 12/04/2021
Chief executive Hiromi Yamaji says the TSE will urge companies to step up efforts on ESG issues based on their market classification.
Japan Consults on Climate Transition Finance Guidelines
By Manesh Samtani | 12/04/2021
The guideline has been drafted in accordance with the Climate Transition Finance Handbook published by ICMA in December.
ESG / Sustainability
Japan FSA Issues Proposal to Revise Corporate Governance Code
By Manesh Samtani | 07/04/2021
The changes will improve board independence, promote board diversity, and enhance climate-related and ESG disclosures by top-tier listed companies.
AML / KYC
Japan Crypto Industry to Adopt Travel Rule by April 2022
By Sanday Chongo Kabange | 07/04/2021
The FSA has written to the JVCEA advising it to start preparing for the implementation of the travel rule in Japan’s crypto industry.
Market Infrastructure
Mizuho May Seek Compensation from Hitachi for System Glitch
By Editors | 07/04/2021
The delay of 263 transactions for corporate clients was said to be caused by a malfunction in a disk storage device made by Hitachi.
Market Infrastructure
Japan to Start Publishing TORF Production Rates from 26 April
By Editors | 07/04/2021
QUICK Benchmarks, formed in January 2021, has been publishing TORF prototype rates weekly since May 2020 and daily since October 2020.
Enforcement
US SEC Opens Preliminary Investigation into Archegos Collapse
By Manesh Samtani | 06/04/2021
Credit Suisse expects a $4.7bn loss from the collapse of Archegos. The bank has suspended share buybacks, cut its dividend, and announced the departure of seven key executives.
Fintech / Regtech
BOJ Forms Committee to Lead CBDC Testing in April
By Sanday Chongo Kabange | 01/04/2021
The BOJ Liaison and Coordination Committee will share details and provide updates on the PoC with the private sector and the government.
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