Financial Services Agency

Stablecoins

Japan Approves Law Clarifying Legal Status of Stablecoins

By Manesh Samtani | 05/06/2022

Under the revision bill, only licensed banks, trust companies, and registered money transfer agents will be able to issue stablecoins.

Reporting & Disclosures

Japan FSA Drafts Indicators to Assess Social Projects

By Editors | 02/06/2022

A draft set of indicators have been published which issuers can use to help them assess the social impacts of projects financed with social bonds.

Custody & Infrastructure

Sumitomo Mitsui Trust to Establish Crypto Custody Company

By Sanday Chongo Kabange | 25/05/2022

The new company will be a joint venture between Japanese crypto exchange Bitbank and hold digital assets for institutional investors.

Structural Regulation

Japan FSA Proposes Revisions to Derivatives Reporting Rules

By Manesh Samtani | 19/05/2022

The FSA is looking to implement the data requirements specified by CPMI-IOSCO’s CDE Technical Guidance “as much as possible”.

Credit Risk

Japan FSA Issues Guidance on Preventing Archegos-style Incidents

By Sanday Chongo Kabange | 24/04/2022

Firms with securities businesses are expected to draw lessons from the shortcomings observed in the Archegos incident in order to foster a sound risk culture.

Cloud & Infrastructure

Japan FSA Publishes Research on Overseas Data Collection Platforms

By Editors | 20/04/2022

A survey of overseas authorities was conducted to inform the development of a “joint data platform” that will be used by both the FSA and BOJ.

Climate Risk

FSA Issues Guidance to Japanese FIs on Using NGFS Scenarios

By Editors | 19/04/2022

The guidance will help Japanese financial institutions use of the NGFS scenarios to conduct climate-related financial risk analysis, the FSA said.

Structural Regulation

Japan to Remove Quarterly Reporting Requirements

By Editors | 19/04/2022

Legislation will be introduced in 2023 to remove a requirement for listed companies to provide the government with audited quarterly financial statements.

Anti-Money Laundering

FSA Offers Update on Work to Strengthen Japan’s AML System

By Manesh Samtani | 17/04/2022

Discussions are underway on the implementation of a new shared transaction monitoring and screening system. A new ‘beneficial ownership list system’ has been established.