Financial Services Agency

Trading & Investment

Japan to Probe Corporate Bond Underwriting Practices

By Garima Chitkara | 14/11/2018

An FSA official told Bloomberg that the regulator will discuss the issue of unsold bonds held by underwriters during its regular discussions with market participants.

Resolution & Recovery

Japan to Propose Amendments to Simplify Bank Merger Process

By Mark Pufpaff | 08/11/2018

Prime Minister Shinzo Abe instructed ministers to propose amendments to existing laws to simplify consolidation of regional banks, many of which are struggling to maintain profitability.

Cryptocurrency

Crypto Players Welcome Hong Kong Regulation

By Garima Chitkara | 06/11/2018

New regulation could lead to industry consolidation and greater institutional money, said panellists at ASIFMA’s annual conference in Singapore.

Liquidity Risk

Japan’s Suruga Bank to Receive $2.2bn Credit Line from BOJ

By Mark Pufpaff | 05/11/2018

The credit line is aimed at preventing a liquidity crunch after a scandal involving falsified proof of income and assets to approve loans resulted in mass withdrawals by depositors.

Trading & Investment

Shinzo Abe’s Beijing Visit Paves Way for Financial Sector Cooperation

By Manesh Samtani | 29/10/2018

Forty years since the 1978 peace treaty marked by a series of MoUs between central banks, securities regulators, stock exchanges and industry bodies, among others.

Cryptocurrency

Japan Allows Self-Regulation Among Cryptocurrency Exchanges

By Garima Chitkara | 25/10/2018

The Japan Virtual Currency Exchange Association has been given a “certified fund settlement business association” accreditation, allowing it to make rules and police domestic exchanges.

Cybersecurity

Japan FSA Updates Financial Sector Cyber Policy

By Manesh Samtani | 21/10/2018

Japan’s financial infrastructure may come under attack in the lead-up to the 2020 Tokyo Olympics, the FSA says as it prepares to guard against potential large-scale incidents.

Anti-Money Laundering

Europe’s AMLD5 and its Impact on AML Regulations in Asia

By Claus Christensen | 15/10/2018

While AMLD5 confirms the EU’s leadership role in AML legislation, similar efforts have been seen in Asia, says Claus Christensen at Know Your Customer Ltd.

Fraud, Scams & Cybercrime

Japan’s Suruga Bank Ordered to Halt Property Lending

By Manesh Samtani | 08/10/2018

The bank was found to have extended inappropriate loans to businesses related to its founding members based on falsified proof of income and assets.