FINANCIAL SERVICES AGENCY

    Capital / Liquidity

    Japan Opposes LCR for US Branches of Foreign Banks

    By Manesh Samtani | 26/06/2019

    The BOJ, FSA and JBA say standardised liquidity requirements for US branches of foreign banking organisations will promote market fragmentation and create global risks.

    Market Infrastructure

    Japan Delays Pension Reform Amid Political Fallout

    By Editors | 13/06/2019

    An FSA report which highlighted the insufficiency of Japan’s pension system has been withdrawn by the government ahead of a national election.

    Enforcement

    UPDATED – Citigroup Japan Fined, Ordered to Improve Internal Controls

    By Editors | 10/06/2019

    Having failed to detect after hours spoofing by a London trader, Citigroup Global Markets Japan has been fined, ordered to improve its controls, and suspended from participating in JGB auctions.

    Enforcement

    Japan FSA Takes Action Against Nomura Over Information Leak

    By Editors | 29/05/2019

    The FSA has issued a number of business improvement orders to Nomura after it was revealed that its employees had shared sensitive stock market information with clients.

    AML / KYC

    Japan FSA Orders Seibu Shinkin Bank to Improve Loan Screening

    By Editors | 27/05/2019

    The bank reportedly extended loans to persons connected to ‘antisocial forces’, and potentially executed over 100 fraudulent real estate loans.

    Enforcement

    Japan FSA to Issue Improvement Order Against Nomura

    By Editors | 24/05/2019

    The FSA will reportedly order Nomura Securities to strengthen controls and systems to prevent recurrence of a recent information leak.

    ESG / Sustainability

    Japan TCFD Consortium Set for 27 May Inauguration

    By Editors | 22/05/2019

    The Consortium will serve as a platform to pursue climate-related financial disclosures and decide how the disclosed information will be used in investment decisions.

    Market Infrastructure

    Japanese Firms Ally in Support of Climate Risk Transparency

    By Editors | 17/05/2019

    The Japanese consortium adds nearly 100 more companies, including banks, to the growing list of firms that support the TCFD recommendations on climate risk disclosures.

    Fintech / Regtech

    Japan FSA Seeks AI Expertise to Examine Securities Reports

    By Editors | 09/05/2019

    The FSA is looking to conduct an experiment to explore the use of AI to read and analyse the data in annual securities reports published by listed companies.

    Market Infrastructure

    Japan OTC Derivatives Regime Deemed Equivalent Under EMIR

    By Editors | 26/04/2019

    The European Commission recognises Japan’s rules on valuation, dispute resolution and margin exchange for uncleared OTC derivative contracts as equivalent to EMIR.

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