Japan

Market Infrastructure

BOJ Issues Consultation on Use of Synthetic JPY LIBOR

By Editors | 05/10/2021

Input is sought on the special circumstances in loan and bond contracts that would make transition difficult and the specific details of such circumstances.

ESG / Sustainability

BOJ to Finance Banks’ Green Loans, Green Bond Investments

By Editors | 28/09/2021

Lenders will receive zero-interest financing for the provision of green and sustainability-linked loans and investment in green and sustainability-linked bonds.

Market Infrastructure

Japan FSA Issues Business Improvement Order to Mizuho

By Editors | 24/09/2021

The order requires Mizuho to submit a report to the FSA by 29 October on its IT systems and detailed improvement plans.

AML / KYC

FATF Report Highlights Opportunities for Japan’s FIs

By Matthew Field | 24/09/2021

Matthew Field discusses how Japan’s FIs can enhance the maturity of their AML programmes through a data-driven approach that places the customer entity in focus.

Enforcement

Japan FSA to Oversee System Improvements at Mizuho – Report

By Editors | 22/09/2021

An FSA team will directly oversee a system inspection and improvements at Mizuho following seven system failures at the bank this year.

Securities / Derivatives

JSDA to Form Industry Panel to Review IPO Pricing Mechanism

By Editors | 20/09/2021

Startups say IPO prices are set too low prior to listing and that they have often surged on listing. Brokers say the gaps are caused by volatility.

Market Infrastructure

OSE, TOCOM Launch New Derivatives Trading System

By Editors | 20/09/2021

J-GATE 3.0 will help to expand market liquidity and improve reliability and convenience for investors and trading participants.

Capital / Liquidity

JBA Calls for Global Cryptoasset Regulations for Non-banks

By Manesh Samtani | 15/09/2021

A global regulatory framework for cryptoassets that only includes banks would exacerbate rather than contain financial stability risks.

Market Infrastructure

Mizuho Suffers Seventh System Failure For the Year

By Editors | 12/09/2021

The latest failure disrupted about 100 ATMs due to a “hardware problem”, though affected services were restored quickly.