Region: Japan

Regulators brace for FTX fallout

The fall of FTX – the world’s second-biggest crypto exchange and the second major crypto collapse of 2022 – will “embolden” supporters of a more restrictive crypto regulatory regime, practitioners say, while the US Commodity Futures Trading Commission has come in for criticism over its supervision of the company.

15 November 2022

Swiss and Japanese banking associations issue sustainability guides

Switzerland’s banking industry association has issued binding self-regulations for integrating sustainability concerns into their investment and mortgage advisory work, while its Japanese counterpart has adopted only non-binding measures.

30 June 2022

Japan’s FSA focuses on profit opportunities in new climate paper

Japan’s financial regulator has stopped short of proposing obligatory frameworks for risk disclosure and climate risk management in its draft plans for handling the climate transition.

27 April 2022

Mizuho CEOs resign after regulatory interventions

The CEOs of Mizuho and its parent group are set to resign, after Japan’s Financial Services Agency and finance ministry took administrative action against the bank for repeated operational failures and breaches of foreign exchange regulations.

29 November 2021

COP26 Finance Day: regulation round-up

Regulators and central banks have issued more climate-related commitments to coincide with COP26’s finance day, including preparations from the United Kingdom for becoming the world’s first “net-zero aligned finance centre” and the IFRS announcing plans for a single standard for sustainability disclosures.

04 November 2021

Mizuho to get direct oversight after string of IT failures

Japan’s Financial Services Agency has assumed unprecedented direct oversight of Mizuho’s US$4.12 billion IT system, following a series of technical failures over the course of the year.

23 September 2021

EBA gets international pushback on third country equivalence

Banking associations from Japan, the United States and Switzerland have criticised post-Brexit proposals by the European Banking Authority to centralise equivalence assessments for non-EU banks’ local branches within the bloc.

22 September 2021

Houlihan Lokey set to acquire Japan’s GCA, with Latham and MoFo advising

Latham & Watkins and Morrison & Foerster are advising on Houlihan Lokey’s planned acquisition of Tokyo-based investment bank GCA, set to create of one of the world’s largest M&A-focused institutions.

05 August 2021

Fragmentation concerns raised over EU’s climate disclosure approach

Japanese and US banking industry bodies have warned that ambitious EU moves towards sustainability disclosures – including a newly-finalised taxonomy and new standards for Pillar 3 disclosures – risk creating a fragmented global framework and “exporting” its model to non-EU institutions.

07 June 2021

Singapore consults on corporate governance

Singapore’s regulatory authority is consulting on revised corporate governance guidelines for financial institutions, as regulators in Malaysia, Hong Kong and Japan emphasise sustainability and diversity in their own recent corporate governance overhauls.

12 May 2021

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