Japan

Enforcement

Nomura Establishes Internal Team to Probe Archegos Loss

By Sanday Chongo Kabange | 13/04/2021

Nomura has set up the team to look into the bank’s risk management practices. It plans to disclose details of Archegos loss in late April.

ESG / Sustainability

New TSE Chief Eyes ESG Focus In Reorganisation Plan

By Sanday Chongo Kabange | 12/04/2021

Chief executive Hiromi Yamaji says the TSE will urge companies to step up efforts on ESG issues based on their market classification.

Japan Consults on Climate Transition Finance Guidelines

By Manesh Samtani | 12/04/2021

The guideline has been drafted in accordance with the Climate Transition Finance Handbook published by ICMA in December.

ESG / Sustainability

Japan FSA Issues Proposal to Revise Corporate Governance Code

By Manesh Samtani | 07/04/2021

The changes will improve board independence, promote board diversity, and enhance climate-related and ESG disclosures by top-tier listed companies.

AML / KYC

Japan Crypto Industry to Adopt Travel Rule by April 2022

By Sanday Chongo Kabange | 07/04/2021

The FSA has written to the JVCEA advising it to start preparing for the implementation of the travel rule in Japan’s crypto industry.

Fintech / Regtech

Japan Starts Testing Central Bank Digital Currency

By Sanday Chongo Kabange | 07/04/2021

The first phase of testing will involve experiments on the basic functions of the CBDC as a payment instrument.

Market Infrastructure

Mizuho May Seek Compensation from Hitachi for System Glitch

By Editors | 07/04/2021

The delay of 263 transactions for corporate clients was said to be caused by a malfunction in a disk storage device made by Hitachi.

Market Infrastructure

Japan to Start Publishing TORF Production Rates from 26 April

By Editors | 07/04/2021

QUICK Benchmarks, formed in January 2021, has been publishing TORF prototype rates weekly since May 2020 and daily since October 2020.

Market Infrastructure

HKMA, BOJ Launch Cross-border DvP Link for JGBs

By Editors | 02/04/2021

The link supports DvP settlement of the HKD sale and repo transactions using JGB as collateral, eliminating settlement risk on such transactions.