Financial Services Agency

    Payments & Settlements

    Japan Close to Decision on Lower Interbank Transfer Fees

    By Editors | 06/03/2021

    Interbank transfer fees have remained the same for over 40 years. A reduction in interbank EFT fees may be implemented as soon as October.

    Reporting & Disclosures

    Japan FSA To Review ESG Fund Labelling Rules

    By Sanday Chongo Kabange | 04/03/2021

    Discussions with asset managers and fund distributors may start by June to assess whether rules for mutual fund labels can guard against greenwashing.

    Operational Risk

    Japan’s Mizuho Bank Suffers Another Outage at ATMs

    By Editors | 04/03/2021

    Another system failure took down 29 Mizuho ATMs for three hours on Wednesday, just days after more than 5,000 ATMs went offline.

    Climate Risk

    BOJ, FSA to Analysis Climate Impacts on Banks This Year

    By Editors | 02/03/2021

    The BOJ will reportedly work with the FSA to analyse the impact of climate risks on banks in this year’s examinations.

    Operational Risk

    FSA to Seek Report from Mizuho Over ATM Network Shutdown

    By Editors | 02/03/2021

    A system glitch caused the shutdown of over half of Mizuho’s ATMs on Sunday, with internet banking transactions also partially halted.

    Anti-Money Laundering

    Japan FSA to Roll Out New AML System in Fiscal 2021

    By Editors | 12/02/2021

    The FSA will share access to the new system, which will use AI to monitor for unusual transactions and persons suspected of illegal activity.

    Tokenisation

    SBI, Sumitomo Mitsui to Launch Digital Stock Exchange in Osaka

    By Ranamita Chakraborty | 04/02/2021

    The Osaka Digital Exchange, expected to launch in 2022, will provide an alternative to the TSE and strengthen Osaka’s proposition as a financial hub.

    Trading & Investment

    TOCOM Revises Order Handling Rules to Account for System Failure

    By Editors | 31/01/2021

    The trading rule revisions clarify that orders entrusted by customers with trading participants remain valid even if bids and offers are cancelled by TOCOM.

    Structural Regulation

    Japan FSA Opens New Dedicated Office for Foreign Firms

    By Editors | 21/01/2021

    The new office will handle pre-application consultation, registration and supervision, with all communications available in English.

    Conduct, Culture & Accountability

    Asia Has an Opportunity to Demonstrate Global RegTech Leadership

    By Manesh Samtani | 18/01/2021

    Hong Kong, Singapore and Tokyo each have an opportunity to demonstrate global leadership in the regtech sector, according to a panel of experts hosted by the Asia Society’s Hong Kong Center.

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