FINANCIAL SERVICES AGENCY

    ESG / Sustainability

    BOJ, FSA to Analysis Climate Impacts on Banks This Year

    By Editors | 02/03/2021

    The BOJ will reportedly work with the FSA to analyse the impact of climate risks on banks in this year’s examinations.

    Market Infrastructure

    FSA to Seek Report from Mizuho Over ATM Network Shutdown

    By Editors | 02/03/2021

    A system glitch caused the shutdown of over half of Mizuho’s ATMs on Sunday, with internet banking transactions also partially halted.

    AML / KYC

    Japan FSA to Roll Out New AML System in Fiscal 2021

    By Editors | 12/02/2021

    The FSA will share access to the new system, which will use AI to monitor for unusual transactions and persons suspected of illegal activity.

    Fintech / Regtech

    SBI, Sumitomo Mitsui to Launch Digital Stock Exchange in Osaka

    By Ranamita Chakraborty | 04/02/2021

    The Osaka Digital Exchange, expected to launch in 2022, will provide an alternative to the TSE and strengthen Osaka’s proposition as a financial hub.

    Securities / Derivatives

    TOCOM Revises Order Handling Rules to Account for System Failure

    By Editors | 31/01/2021

    The trading rule revisions clarify that orders entrusted by customers with trading participants remain valid even if bids and offers are cancelled by TOCOM.

    Securities / Derivatives

    Japan FSA Opens New Dedicated Office for Foreign Firms

    By Editors | 21/01/2021

    The new office will handle pre-application consultation, registration and supervision, with all communications available in English.

    Fintech / Regtech

    Asia Has an Opportunity to Demonstrate Global RegTech Leadership

    By Manesh Samtani | 18/01/2021

    Hong Kong, Singapore and Tokyo each have an opportunity to demonstrate global leadership in the regtech sector, according to a panel of experts hosted by the Asia Society’s Hong Kong Center.

    Capital / Liquidity

    BOJ Expands Merger Incentives to Include Community Lenders

    By Editors | 03/01/2021

    The BOJ will pay an additional 0.1% interest to smaller lenders that decide to merge, integrate their businesses, or meet overhead reduction targets.

    AML / KYC

    Japan Regulators Order Crypto Exchange to Improve AML Systems

    By Editors | 02/01/2021

    Avacus Co Ltd must build an AML/CTF risk management system that ensures transactions are confirmed and recorded at the time of transaction.

    Capital / Liquidity

    Japan FSA Issues Draft Policy for Basel III Implementation

    By Editors | 02/01/2021

    Japan will adopt the Basel III standards in consideration of the characteristics of domestic financial institutions, the FSA said.

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