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Japan FSA Pushes for Sustainability in Bank Business Models
By Editors | 10/07/2020
Management changes may be needed at regional banks that lack sustainability in their business models, says the FSA’s Toshihide Endo.
Market Infrastructure
Eurex Clears its First Interest Rate Swaps from Japan
By Editors | 17/06/2020
The FSA granted Eurex Clearing a licence as a foreign financial instruments clearing organisation in March, allowing it to offer clearing services in Japan.
Fintech / Regtech
Japan Megabanks to Collaborate on Cashless Payments
By Editors | 04/06/2020
The project will explore the use of electronic money and digital currency to make banks and cashless payments services interoperable, and could evolve into the introduction of the ‘digital yen’.
Market Infrastructure
BOJ, FSA Direct Financial Firms to Take Action on LIBOR Transition
By Editors | 01/06/2020
FIs are asked to take specific actions to prepare for the cessation of LIBOR, and to submit materials allowing the BOJ and FSA to review preparedness at individual firms.
Japan Banks Asked to Continue Lending as Stimulus Gets Green Light
By Editors | 31/05/2020
Finance Minister Taro Aso is asking banks to continue supporting SMEs and to actively make use of hybrid lending, in light of a new 117tr yen stimulus package.
Fintech / Regtech
Japan to Propose Easier Fintech Investment Rules for Banks – Report
By Editors | 07/05/2020
The proposal includes scrapping a requirement for bank holding companies to obtain FSA approval to acquire more than 15% of nonfinancial companies.
Crypto / Digital Assets
FSA Japan Certifies Two SROs as New Crypto Laws Take Effect
By Editors | 04/05/2020
The certifications took effect from 1 May, the same day the FSA said it would start enforcing new laws on crypto assets.
Securities / Derivatives
Japan Extends Deadlines for Filing Securities Reports, Holding AGMs
By Editors | 18/04/2020
Japan’s FSA has extended the submission deadline for corporate securities reports to the end of September, while companies are being encouraged postpone annual shareholder meetings or hold them virtually.
Securities / Derivatives
Japan: Corporates to Get Financial Support, Easier Write Down Rules
By Editors | 06/04/2020
The FSA will convene a joint council of key industry bodies to agree on easier write-down rules, while the government prepares an aid package for large corporates.
Capital / Liquidity
Japan Plans for Basel III Implementation in March 2023
By Editors | 31/03/2020
The FSA also said NSFR implementation is being deferred by one year to April 2021, as the BOJ relaxes the eligibility requirements for firms to participate in its market operations.
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