Japan

Crypto / Digital Assets

FTX Japan to Allow Withdrawals Starting in January

By Editors | 04/12/2022

Under Japanese law, crypto businesses are required to keep users’ assets segregated, shielding FTX Japan from the bankruptcy proceedings in the US.

Securities / Derivatives

JPX Acquisition to Improve English Disclosures by Listed Companies

By Editors | 04/12/2022

JPXI will acquire SCRIPTS Asia, which creates English transcripts of investor events held by listed companies and distributes them to domestic and overseas investors.

Capital / Liquidity

BOJ Relaxes Terms of Securities Lending Facility

By Editors | 02/12/2022

The move is aimed at ensuring stability in the market and easing tight JGB liquidity in the repo market.

Market Infrastructure

MUFG Becomes First Japanese Bank to Join CLSNet

By Editors | 01/12/2022

MUFG says CLSNet will enable it to improve operational efficiency and reduce risk for currencies that are not currently eligible for CLSSettlement.

Capital / Liquidity

RBI, FSA Agree to Improve Mutual Cooperation on CCPs

By Editors | 01/12/2022

The letters of cooperation come after two years of negotiations between Indian and Japanese regulators on CCPs.

Crypto / Digital Assets

BOJ to Involve Banks in CBDC Testing Around April 2023

By Sanday Chongo Kabange | 28/11/2022

The BOJ’s next phase of CBDC testing will involve Japan’s three megabanks as well as regional banks. A digital yen could be issued in 2026.

ESG / Sustainability

ISDA Analyses Regulatory Treatment of SLDs in Japan

By Editors | 21/11/2022

The paper considers how sustainability-linked derivatives would be classified and regulated in Japan.

Capital / Liquidity

India Resists ESMA Requirements on CCP Recognition – Reports

By Manesh Samtani | 14/11/2022

ESMA decision will block EU banks from dealing with Indian CCPs after 30 April 2023. India faces similar standoffs with UK and Japanese regulators.

AML / KYC

AML in Japan: Looking Back to Look Forward

By Hiroshi Ozaki | 09/11/2022

The FSA’s Hiroshi Ozaki and Daisuke Mamba look back at the last four and a half years in the fight against money laundering and terrorist financing in Japan.