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Anti-Money Laundering
Japan FSA Sets Hard Deadline for Full AML/CFT Compliance
By Editors | 07/06/2021
The FSA has directed FIs to formulate a plan that ensures full compliance with its AML/CFT guidelines by March 2024.
Structural Regulation
Japan to Remove Firewall Between Banking, Securities Operations
By Editors | 04/06/2021
The FSA is reportedly working on rule changes that would allow banks and securities firms within the same group to share customer data.
Structural Regulation
Japan Considers Allowing SPAC Listings – Report
By Editors | 02/06/2021
Japan may allow SPAC listings on its markets as part of its growth strategy as early as next year.
PEPs & Sanctions
Addressing Sanctions Risk in Maritime Trade
By Manesh Samtani | 02/06/2021
Banks facilitating transactions involving maritime trade must put in place systems and processes to detect illicit activity that could result in a breach of sanctions regulations.
Sustainable Finance
Japan FSA Releases Guidelines on Climate Transition Finance
By Editors | 25/05/2021
The guidelines incorporate the recommendations on disclosures from the ICMA Climate Transition Finance Handbook, which was published in December.
Data Privacy
Japan Post Bank Misplaces Customer Transaction Data
By Editors | 25/05/2021
The missing records include information such as clients’ names and bank account numbers, which are supposed to be retained for 10 years.
Trading & Investment
Japanese FIs Still Have $24tr in LIBOR Exposures – Report
By Editors | 20/05/2021
The December 2020 figure is down only slightly from the $27.5tr of contracts referencing LIBOR 18 months earlier at the end of June 2019.
Trading & Investment
JPX Establishes Working Group to Enhance Equity Market
By Editors | 19/05/2021
The working group will discuss trading system resilience and functionality, a possible extension of trading hours, and the introduction of holiday trading.
Resolution & Recovery
Resolution Authorities Should Have Operational Independence: BIS
By Ranamita Chakraborty | 12/05/2021
The institutional location of the resolution function is commonly the central bank, prudential supervisor or deposit insurer. This decision often entails trade-offs.
Reporting & Disclosures
Japan to Incorporate Human Rights in Governance Code – Report
By Editors | 06/05/2021
Authorities will be pushing companies to root out potential forced labour and human trafficking abuses in their supply chains.
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