Japan's financial regulator to scrutinize banks' stress tests

May 10, 2016

Japan's financial regulator to scrutinize banks' stress tests

The nation’s financial regulator is stepping up oversight of its biggest banks while stopping well short of imposing the type of intrusive stress tests that have been adopted in the U.S. and Europe. Unlike the Federal Reserve and the Bank of England, which conduct ...

Mar 4, 2016

Japan OKs recognizing virtual currencies as similar to real money

The Cabinet on Friday approved a set of bills to help banking groups expand their information technology businesses and to recognize virtual currencies as having a function similar to real money. Under the revised banking bills, bank-holding companies will be able to acquire IT-related ...

Feb 2, 2016

FSA to monitor effects of negative interest rate on banks, Aso says

Finance Minister Taro Aso said Tuesday the government will monitor what the effects of the Bank of Japan’s negative interest rate policy on financial institutions. The Financial Services Agency “needs to carefully monitor financial institutions,” said Aso, who also doubles as state minister for ...

Dec 25, 2015

Toshiba fined record ¥7.3 billion over accounting scandal

The Financial Services Agency on Friday imposed a record ¥7.37 billion fine on scandal-hit Toshiba Corp. for falsifying financial reports. Japan’s financial watchdog set a Feb. 25 deadline for Toshiba to pay the fine. The company said it would pay the amount, adding, “We ...

Dec 8, 2015

Deutsche Bank Japan brokerage penalized

Deutsche Bank AG’s Japanese brokerage unit faces regulatory penalties after the nation’s securities watchdog found that its employees improperly shared information about a company’s earnings with clients. The Securities and Exchange Surveillance Commission recommended that the Financial Services Agency take administrative action against Deutsche ...