Financial Services Agency

    ESG / Sustainability

    Transition Guidance is “Fundamentally Important”, says FSA’s Ikeda

    By ESG Investor | 19/10/2021

    The FSA’s Satoshi Ikeda said the regulator is “eagerly pushing” for measures to enable more dynamic investing in low-carbon and zero-carbon technologies.

    Securities / Derivatives

    Tokyo Stock Exchange Plans to Extend Trading Hours – Report

    By Editors | 18/10/2021

    Japan’s trading day runs for just five hours each day, an outlier among major markets. The bourse will reportedly propose a 30-minute extension.

    ESG / Sustainability

    Japan to Consider Removal of Quarterly Reporting Requirement

    By Editors | 13/10/2021

    While some argue quarterly reporting helps investors make more informed judgments, regulators worry it incentivises short term profit seeking behaviour.

    ESG / Sustainability

    Japan FSA to Mandate Climate Disclosures from April 2022 – Report

    By Ranamita Chakraborty | 11/10/2021

    Companies listed on the TSE’s ‘Prime’ market will be required to comply with mandatory climate risk disclosure requirements first.

    Mizuho Experiences Eight System Glitch for the Year

    By Editors | 08/10/2021

    The system failure affected 387 transactions for foreign exchange trades. Mizuho is required to submit a report on its IT systems to the FSA by 29 October.

    ESG / Sustainability

    BOJ to Finance Banks’ Green Loans, Green Bond Investments

    By Editors | 28/09/2021

    Lenders will receive zero-interest financing for the provision of green and sustainability-linked loans and investment in green and sustainability-linked bonds.

    Market Infrastructure

    Japan FSA Issues Business Improvement Order to Mizuho

    By Editors | 24/09/2021

    The order requires Mizuho to submit a report to the FSA by 29 October on its IT systems and detailed improvement plans.

    AML / KYC

    FATF Report Highlights Opportunities for Japan’s FIs

    By Matthew Field | 24/09/2021

    Matthew Field discusses how Japan’s FIs can enhance the maturity of their AML programmes through a data-driven approach that places the customer entity in focus.

    Enforcement

    Japan FSA to Oversee System Improvements at Mizuho – Report

    By Editors | 22/09/2021

    An FSA team will directly oversee a system inspection and improvements at Mizuho following seven system failures at the bank this year.

    Market Infrastructure

    Mizuho Suffers Seventh System Failure For the Year

    By Editors | 12/09/2021

    The latest failure disrupted about 100 ATMs due to a “hardware problem”, though affected services were restored quickly.

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