Japan

Capital / Liquidity

Japan, EU to Cooperate on Cross-border Resolution Planning

By Editors | 17/10/2019

Through an exchange of letters, Japan’s FSA and the EU’s SRB have agreed to cooperate to plan for and conduct orderly cross-border resolutions of banks.

AML / KYC

Japan Banks Exit Forex Business Amid AML Cost Concerns

By Editors | 17/10/2019

While smaller banks are exiting the foreign exchange business entirely, larger banks are raising counter service fees for overseas remittances.

Market Infrastructure

BOJ Deputy Governor Calls for Collective Action on LIBOR Transition

By Manesh Samtani | 13/10/2019

LIBOR’s permanent discontinuation will be one of the “most significant events in global financial history”, BOJ deputy governor Masayoshi Amamiya said at ASIFMA’s Annual Conference.

Securities / Derivatives

Stricter Foreign Investment Approvals Will Hurt Japan Markets

By Manesh Samtani | 11/10/2019

A proposal to adjust the notification threshold for foreign investors in Japan is reportedly being called “idiotic” by JPX chief Akira Kiyota.

Market Infrastructure

China-Japan ETF Connect Slow to Gain Traction

By Editors | 09/10/2019

Assets in the cross-border feeder ETFs have dropped in the three months since the scheme was launched, by more than two-thirds in the case of the Japan-invested assets.

Market Infrastructure

Japan Hosts First-ever TCFD Summit

By Editors | 09/10/2019

Speaking at the Summit, BOE governor Mark Carney lauded Japan’s support for the TCFD, but said more needs to be done globally to enhance climate-related financial disclosures.

Fintech / Regtech

Japan Brokers Form New Body to Develop Rules for STOs

By Editors | 07/10/2019

The new association was formed by securities firms SBI, Nomura, Daiwa, Kabu.com, Monex and Rakuten and will seek FSA approval for status as a self-regulatory organisation.

Enforcement

US SEC Settles Charges Against Nissan, Former CEO

By Editors | 24/09/2019

As settlement for underreporting CEO compensation, Nissan agreed to pay $15mn, while ex-CEO Carlos Ghosn will pay $1mn and get a 10-year officer and director bar.

Securities / Derivatives

Japan to Tighten Approval Threshold for Foreign Investment

By Editors | 23/09/2019

The stricter rules could create a significant new hurdle to investment in Japan, with foreign fund managers reportedly describing their effect as “chilling”.