Tag - fsa

 
 

FSA

The Financial Services Agency in Tokyo. The financial instruments and exchange law prohibits corporate officials privy to important information, such as tender offers, from trading related shares before the information is made public.
JAPAN / Crime & Legal
Oct 19, 2024
Judge seconded to FSA probed over insider trading suspicions
Since summer, the SESC has been investigating individuals and places related to the judge and scrutinizing his transaction details.
Toshinori Yashiki, a senior official at the Financial Services Agency, says the regulator will examine Japanese megabanks’ lending to private equity and other funds in the U.S. for risk management.
BUSINESS / Companies
Oct 15, 2024
Japan regulator to scrutinize megabanks’ lending to U.S. funds
The nation's largest banks are increasing what is known as subscription finance and lending to funds that provide equity or credit to private companies.
The Financial Services Agency is set to begin a review of cryptocurrency rules, opening up the possibility of lower taxes on digital assets.
BUSINESS / Markets
Oct 1, 2024
Japan crypto review may open door to lower taxes and dedicated ETFs
The Financial Services Agency in coming months will assess whether the current approach of regulating crypto under the payments law is adequate.
A stock board at the Tokyo Stock Exchange
BUSINESS / Economy
Sep 3, 2024
Japan FSA to examine bank risks in ‘world with interest rates’
In its annual policy guidance released on Friday, the Financial Services Agency pointed to uncertainty over the global economy and markets.
Hideki Ito, commissioner of the Financial Services Agency, says Japan needs to be cautious about approving crypto-linked exchange-traded funds.
BUSINESS / Markets
Aug 8, 2024
Japan’s top finance regulator hesitant on crypto ETF approvals
Whether to follow the likes of Hong Kong and the U.S. by approving crypto-linked exchange-traded funds requires "cautious consideration,” he said.
MUFG Bank and two joint ventures in Mitsubishi UFJ Financial Group have been penalized for violating client confidentiality rules.
BUSINESS / Companies
Jun 24, 2024
MUFG penalized by Japan’s financial regulator for client breach
The flagship bank and joint ventures allegedly inappropriately exchanged client information at least 26 times to win business, according to a market watchdog.
A bank and two securities companies under Mitsubishi UFJ Financial Group could face punitive action for allegedly sharing customer information without consent, sources said.
BUSINESS / Companies
Jun 7, 2024
MUFG units could be penalized for sharing client information
MUFG Bank and the securities firms exchanged information related to clients’ mergers and acquisitions without their consent, sources say.
Tatsufumi Shibata, deputy director-general at the Financial Services Agency, is pushing for greater disclosure by companies of their cross-shareholding practices.
BUSINESS
May 2, 2024
Japan suspects firms are evading disclosure of cross-shareholdings
Some companies are thought to be masking cross-shareholdings as being owned for purely trading purposes.
People feel that Japan may be getting out of deflation and there could be an economic transformation, a top regulatory official says.
BUSINESS / Economy
Mar 25, 2024
Japan seeing more interest from foreign asset managers, official says
Tokyo has inched up one position higher to 19th place in the Global Financial Centers Index.
Toshinori Yashiki, deputy director-general at the Financial Services Agency, urged lenders to pay particular attention to highly-leveraged borrowers.
BUSINESS
Jan 24, 2024
Japan regulator will probe risks to banks from higher rates
The Bank of Japan is expected to make its first rate hike since 2007 within a few months, raising the possibility that borrowers will struggle with higher interest payments.
The Tokio Marine & Nichido Building in the Marunouchi district of Tokyo
BUSINESS / Companies
Dec 26, 2023
Japan penalizes biggest property insurers for price fixing
The Financial Services Agency has issued business improvement orders on the core units of Tokio Marine, MS&AD Insurance and Sompo.
Bigmotor's registration as an insurance agent will be revoked later this month.
BUSINESS / Companies
Nov 14, 2023
FSA to revoke Bigmotor's registration as insurance agent
The planned penalty follows an investigation into widespread acts at Bigmotor of deliberately damaging customers' vehicles to pad insurance claims.
Financial Services Agency officials enter Bigmotor's Tama outlet in western Tokyo on Tuesday.
JAPAN / Crime & Legal
Sep 19, 2023
Watchdog starts on-site probe of Bigmotor and Sompo Japan
The investigation aims to dig deeper into the insurance fraud scandal by the leading used-car dealer. The probe is likely to take several months.
The Financial Services Agency said in its annual policy guidance that overseas real estate is among the credit risks to watch this year and that it will assess major banks' "situation of loans” made in this sector.
BUSINESS
Aug 30, 2023
Japan regulator to evaluate banks’ commercial property exposure
Commercial real estate has become one of the highest-profile asset classes hit by rapid rate hikes.
Japan Times
BUSINESS
Jun 23, 2023
Regional banks given business improvement orders over risky bond sales
The Financial Services Agency made the order after judging the institutions hadn't warned customers about the risks of structured bonds.
Japan Times
BUSINESS
Jun 19, 2023
Japan's financial regulator sounds out top banks about China risks
The Financial Services Agency has asked whether they have plans in place if Sino-Western tensions escalate.
Japan Times
BUSINESS
Jun 9, 2023
Japan watchdog seeks penalty for regional banks over bond sales
The agency said the banks sold the bond products without properly checking customers’ investment preference and experience, or explaining the risks involved.
Japan Times
BUSINESS / Markets
Apr 25, 2023
Credit Suisse shows well capitalized banks can lose trust, Japanese official says
The Swiss lender succumbed to a crisis of confidence about a month ago, prompting the country’s authorities to step in to broker its sale to larger rival UBS Group.
Japan Times
BUSINESS / Economy
Apr 11, 2023
Regulator urges local banks to improve asset portfolio management
The FSA has been warning of risks posed by rising interest rates to regional lenders’ bond holdings long before the collapse of Silicon Valley Bank last month.
Japan Times
BUSINESS / Economy
Feb 9, 2023
Funds that inflate green credentials face strict new rules in Japan
Under the FSA’s new guidelines, only funds that consider environmental, social and governance as a 'key factor” when choosing investments can be marketed as such.

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?