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AML / KYC
Japan FSA to Mandate Stricter ID Checks for E-payments
By Editors | 20/10/2020
The FSA plans to revise its guidelines for bank transfers to e-payment service providers in response to a series of fraudulent withdrawals.
Market Infrastructure
Tokyo Stock Exchange Faces FSA Probe Over System Outage
By Manesh Samtani | 20/10/2020
Based on an on-site investigation and findings from JPX’s own investigative committee, the FSA will consider issuing a business improvement order.
Fintech / Regtech
Japan FSA to Debut Online Filing Platform by March 2021
By Editors | 18/10/2020
The FSA plans to update its ordinances and guidelines to enable a complete shift to online applications and filings by March 2022.
Market Infrastructure
About Half of Global FX Market Exposed to Settlement Risk
By Margaret Law | 15/10/2020
Without immediate action, FX settlement risk will continue to accumulate and introduce vulnerabilities into the global financial system, says Margaret Law at CLS.
Capital / Liquidity
Japan: Bank Stress Tests to Use Covid-19 as Baseline Scenario
By Editors | 08/10/2020
The BOJ and FSA jointly stress-tested banks using a common scenario for the first time in December. This year’s stress tests will use the Covid-19 pandemic as the common scenario.
Market Infrastructure
Hardware Failure Causes Full Day Closure at Tokyo Exchange
By Editors | 01/10/2020
The TSE apologised for inconvenience caused to investors and said it is replacing the faulty hardware. Trading is expected to resume Friday.
Enforcement
Japan FSA Demands Explanation for Miscounted Shareholder Votes
By Editors | 30/09/2020
Sumitomo Mitsui Trust and Mizuho Trust could face business improvement orders, depending on their explanations and the measures they have planned to prevent recurrence.
Enforcement
Japan: Nomura Employee Leaks Client Information to Securities Firm
By Editors | 14/09/2020
Nomura has apologised for the incident and pledged to strengthen its management of customer information. It will also consider taking legal action against the offending staffer.
Market Infrastructure
Japan FSA to Ease Administrative Procedures for Foreign Entrants
By Editors | 30/08/2020
The FSA will soon release financial administration guidelines setting out measures that may make it easier for foreign firms to set up in Japan.
Market Infrastructure
Japan Amends Rules to Lure Hong Kong Fund Managers
By Sanday Chongo Kabange | 05/08/2020
A Cabinet level amendment will allow overseas investment funds and securities operators to temporarily operate from Japan.
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