Financial Services Agency

Structural Regulation

Japan FSA to Set Up Dedicated Office to Lure Foreign Fund Managers

By Editors | 08/11/2020

The new office will be able to start receiving applications in English in January 2021. Pre-application consultation is available in English with immediate effect.

Supervision & Enforcement

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.

Fraud, Scams & Cybercrime

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.

Payments & Settlements

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.

Cloud & Infrastructure

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.

Payments & Settlements

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 Adequacy

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.

Trading & Investment

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.

Conduct, Culture & Accountability

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.