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Capital / Liquidity
Japan Banks to Hold More Capital Against Partner Relationships – Report
By Editors | 27/01/2020
Higher capital requirements could accelerate the unwinding of cross-shareholdings, a Japanese practice of owning shares in business partners.
Market Infrastructure
Japan to Allow Regional Banks to Expand Outside Core Business
By Editors | 17/01/2020
FSA commissioner Toshihide Endo wants struggling regional lenders to engage with customers and help them grow, as a way to boost bank profitability and regional economies.
Crypto / Digital Assets
Japan FSA to Limit Crypto Leverage to 2x Deposits – Report
By Editors | 15/01/2020
The rule will be stricter than the 4x leverage limit imposed by the Japan Virtual Currency Exchange Association, the industry’s self-regulatory organisation.
Securities / Derivatives
Japan FSA Issues New Guidance on Asset Manager Registration
By Editors | 14/01/2020
The guidebook is aimed at facilitating the smooth entry of asset management and other financial instruments businesses into Japan’s capital markets.
Market Infrastructure
Japan FSA Grants Client Clearing Licence to HKEX
By Editors | 09/01/2020
HKEX has announced that its central counterparty subsidiary, OTC Clear, has received approval to offer client clearing services to banks in Japan.
Enforcement
FSA Orders Insurance Sales Halt at Japan Post Amid Misconduct Findings
By Editors | 28/12/2019
Two Japan Post Holdings subsidiaries are required to suspend insurance product sales for three months and submit business improvement plans by end-January.
Market Infrastructure
Japan Unveils Final Report on Proposed TSE Reorganisation
By Editors | 28/12/2019
The transition to three market sections is expected to be completed within H1 2022, but the changes will be implemented gradually in phases to mitigate the impact on listed companies.
ESG / Sustainability
Japan to Revise Stewardship Code to Include ESG Factors
By Editors | 12/12/2019
The proposed revisions could be adopted as early as March, increasing the focus on ESG factors for institutional investors in Japan.
Enforcement
Japan SESC Recommends $22mn Fine for Nissan Underreporting
By Editors | 11/12/2019
The fine would be Japan’s second-largest ever for false reporting on a corporate financial statement, after the 7.3 billion yen fine imposed on Toshiba in 2015.
Enforcement
Nomura Releases New Code of Conduct for Employees
By Editors | 05/12/2019
Nomura Holdings has released a 19-point code of conduct for its employees following information leaks that subjected the firm to regulatory action.
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