Japan

Payments & Settlements

DLT Not Yet a Solution for Large Central Bank Applications – BOJ

By Samuel Riding | 11/09/2017

Japanese central bank and European counterpart conclude from ‘Project Stella’ tests of DLT in RTGS that the technology is not yet mature enough.

Credit Risk

Japan’s Low Interest Rate Environment Suffocates Regional Banks

By Editors | 07/09/2017

FSA’s commissioner ‘embarrassed to see regional banks’ balance sheets in their core businesses deteriorate more quickly than we expected.’

Structural Regulation

Japanese Banks Call for Narrower OTCD Reporting Requirements

By Samuel Riding | 04/09/2017

Japanese Bankers Association says data elements should be narrower; concerned about cost of reporting given different collateral settlement timings.

Market Abuse

Japan SESC Reveals Rise in Market Misconduct

By Samuel Riding | 30/08/2017

Misconduct cases up 66%; regulator cites blockchain and cloud computing as hindrance to monitoring efforts, eyes regtech solutions.

Fraud, Scams & Cybercrime

Japan FSA to Set up Anti Cybercrime, Money Laundering Bureau

By Editors | 23/08/2017

Internal reorganisation acknowledges growing role of fintech, which will be regulated by FSA Planning and Coordination Bureau with enhanced powers.

Clearing & Post-Trade

ISDA Urges EU Not to Force Local Clearing Post Brexit

By Editors | 23/08/2017

Trade organisation says move to local CCPs could push up initial margin costs by 20% or more; cites Australian equivalency model.

Market Abuse

Japanese Brokerages Testing AI Systems to Detect Market Manipulation

By Garima Chitkara | 14/08/2017

SBI and Rakuten expect artificial intelligence software to be operational for detecting market manipulation within this year.

Structural Regulation

Japan Halves Setup Time for Foreign Fund Entry

By Garima Chitkara | 07/08/2017

UK asset management firm Legal & General Group became the first foreign firm to make use of Japan’s financial market entry consultation desk.

Capital Adequacy

BIS Releases Policy Papers on Regulatory Proportionality and Cyber-risk

By Garima Chitkara | 03/08/2017

Papers analyses regional divergence in frameworks across Singapore, Hong Kong and Japan.