Tag - fsa

 
 

FSA

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.
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.
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.
Japan Times
BUSINESS / Markets
Jan 17, 2023
Japan pushes global counterparts to regulate cryptocurrencies like banks
FTX's bankruptcy and fraud charges against Sam Bankman-Fried have battered the crypto sector, highlighting gaps and differences in global digital-asset regulation.
Japan Times
BUSINESS
Sep 24, 2022
SMBC Nikko to face administrative penalties over stock manipulation
Based on the recommendation, the Financial Services Agency is expected to impose penalties on the firm, including an order for the company to suspend part of its operations.
Japan Times
BUSINESS / Economy
Aug 10, 2021
Cryptocurrency regulator says easing of restrictions in Japan must wait
While the FSA chief is open-minded about the potential benefits that crypto-assets possess as a quick way to send cash, in Japan they are mainly being used for speculation and investment.
BUSINESS
Nov 30, 2020
TSE president to step down after trading outage in October
The glitch was the worst since 1999, depriving investors of trades worth around u00a53 trillion as government sought to boost the nation as an Asian trading hub.
BUSINESS / Markets
Oct 1, 2020
Tokyo trading halted due to hardware failure
Trading was suspended from the start of the morning session at 9 a.m., and the exchange is preparing to resume trading Friday by restarting the overall system.

Longform

Professional cleaner Hirofumi Sakurai takes a moment to appreciate some photographs in a Gotanda apartment whose occupant died alone.
The last cleanup: Life and death in a lonely Japan