Japan

ESG / Sustainability

BOJ, FSA to Analysis Climate Impacts on Banks This Year

By Editors | 02/03/2021

The BOJ will reportedly work with the FSA to analyse the impact of climate risks on banks in this year’s examinations.

Market Infrastructure

FSA to Seek Report from Mizuho Over ATM Network Shutdown

By Editors | 02/03/2021

A system glitch caused the shutdown of over half of Mizuho’s ATMs on Sunday, with internet banking transactions also partially halted.

AML / KYC

Japan FSA to Roll Out New AML System in Fiscal 2021

By Editors | 12/02/2021

The FSA will share access to the new system, which will use AI to monitor for unusual transactions and persons suspected of illegal activity.

Fintech / Regtech

Japan Finance Minister to Take CBDC Debate to G7 Meeting

By Sanday Chongo Kabange | 11/02/2021

Taro Aso said at a press conference that he thinks it’s important to “thrash out” policy measures regarding digital currency issued by central banks.

Market Infrastructure

BOJ Surpasses GPIF as Largest Holder of Japanese Equities

By Editors | 10/02/2021

In March 2020, the BOJ said it aims to buy at least JPY 6 trillion worth of ETFs a year with an upper limit set at JPY 12 trillion.

Fintech / Regtech

SBI, Sumitomo Mitsui to Launch Digital Stock Exchange in Osaka

By Ranamita Chakraborty | 04/02/2021

The Osaka Digital Exchange, expected to launch in 2022, will provide an alternative to the TSE and strengthen Osaka’s proposition as a financial hub.

Enforcement

CFTC Files Suit Against Nomura Trader for Manipulative Trading

By Editors | 03/02/2021

The former trader manipulated the price of 10-year swap spreads to reflect lower pricing of bonds and a related swap, at the expense of the issuer.

Securities / Derivatives

TOCOM Revises Order Handling Rules to Account for System Failure

By Editors | 31/01/2021

The trading rule revisions clarify that orders entrusted by customers with trading participants remain valid even if bids and offers are cancelled by TOCOM.

Market Infrastructure

Japan, Shanghai, Shenzhen to Expand ETF Connectivity Scheme

By Editors | 27/01/2021

The exchanges agreed to broaden the lineup of products available under the scheme and to collaborate in other areas including sustainable finance.