Financial Services Agency

Market Infrastructure

Japan Lawmakers to Propose Streamlining FSA, BOJ Bank Inspections

By Editors | 22/10/2020

Lawmakers reportedly plan to propose that the FSA and BOJ create a committee to address complaints from FIs concerning an overlap between the two agencies in bank inspections.

AML / KYC

Japan FSA to Mandate Stricter ID Checks for E-payments

By Editors | 20/10/2020

The FSA plans to revise its guidelines for bank transfers to e-payment service providers in response to a series of fraudulent withdrawals.

Market Infrastructure

Tokyo Stock Exchange Faces FSA Probe Over System Outage

By Manesh Samtani | 20/10/2020

Based on an on-site investigation and findings from JPX’s own investigative committee, the FSA will consider issuing a business improvement order.

Fintech / Regtech

Japan FSA to Debut Online Filing Platform by March 2021

By Editors | 18/10/2020

The FSA plans to update its ordinances and guidelines to enable a complete shift to online applications and filings by March 2022.

Market Infrastructure

About Half of Global FX Market Exposed to Settlement Risk

By Margaret Law | 15/10/2020

Without immediate action, FX settlement risk will continue to accumulate and introduce vulnerabilities into the global financial system, says Margaret Law at CLS.

Capital / Liquidity

Japan: Bank Stress Tests to Use Covid-19 as Baseline Scenario

By Editors | 08/10/2020

The BOJ and FSA jointly stress-tested banks using a common scenario for the first time in December. This year’s stress tests will use the Covid-19 pandemic as the common scenario.

Market Infrastructure

Hardware Failure Causes Full Day Closure at Tokyo Exchange

By Editors | 01/10/2020

The TSE apologised for inconvenience caused to investors and said it is replacing the faulty hardware. Trading is expected to resume Friday.

Enforcement

Japan FSA Demands Explanation for Miscounted Shareholder Votes

By Editors | 30/09/2020

Sumitomo Mitsui Trust and Mizuho Trust could face business improvement orders, depending on their explanations and the measures they have planned to prevent recurrence.

Enforcement

Japan: Nomura Employee Leaks Client Information to Securities Firm

By Editors | 14/09/2020

Nomura has apologised for the incident and pledged to strengthen its management of customer information. It will also consider taking legal action against the offending staffer.