Japan

Enforcement

Japan Brokerage Sanctioned for Giving a Client Preferential Treatment

By Editors | 12/09/2019

A former baseball star and member of Japan’s Parliament was allowed to continue trading derivatives despite persistent margin shortfalls over about 9 months.

Market Infrastructure

Japan Regulators Seek Data on Financial Firms’ Risky Investments

By Editors | 10/09/2019

The BOJ and FSA are collecting data on financial firms’ holdings of collateralised loan obligations and leveraged loans to understand the risks they present.

Fintech / Regtech

Malaysia Association Joins APAC RegTech Network

By Editors | 10/09/2019

The APAC RegTech Network was established by the regtech committees of the fintech associations of Hong Kong, Japan and Singapore in May.

Market Infrastructure

Japan FSA to Revise Standards For Auditors of Listed Companies

By Editors | 05/09/2019

The revised standards will require auditors to disclose the reasons for issuing a qualified opinion in financial statements starting from March 2020.

Enforcement

Tokyo Bourse Penalises Nomura for Information Leak

By Editors | 30/08/2019

The TSE says internal controls at Nomura Securities were insufficient, and measures it took after a similar incident in 2012 did not seem to have improved compliance.

Capital / Liquidity

Japan FSA Plans New Measures to Ensure Regional Bank Sustainability

By Editors | 29/08/2019

To encourage consolidation among struggling regional lenders, the FSA may lower deposit insurance fees paid by banks that are more financially robust.

Crypto / Digital Assets

Japanese Crypto Exchange Operator to Close Shop

By Editors | 24/08/2019

Tech Bureau Corp – the ex-operator of hacked exchange Zaif – will become the first FSA-registered crypto exchange operator to shut down its operations.

Securities / Derivatives

TOCOM Electricity Futures Approved for 17 September Launch

By Editors | 13/08/2019

The Tokyo Commodity Exchange has been granted approval to list electricity futures, after applying for a trial listing in March.

Market Infrastructure

Japan: Security Failures Force New Payments Service to Shut

By Editors | 06/08/2019

The security breach saw more than 38mn yen stolen from more than 800 accounts in the days after the July launch of a new mobile payment service for convenience stores.