Financial Regulatory Forum

Japan’s FSA to regulate CDS clearinghouse participation-Nikkei

   April 13 (Reuters) – Japan’s Financial Services Agency (FSA) plans to introduce a capital requirement for credit default swap clearinghouses and an accreditation system for their major shareholders, the Nikkei business daily reported. (more…)

Japan regulator reprimands Commerzbank Tokyo unit

Commerzbank reprimanded

Commerzbank reprimanded

    TOKYO, Jan 8 (Reuters) – Japan’s financial regulator ordered the local unit of Commerzbank AG <CBKG.DE> to improve its compliance on Friday, citing insufficient data processing for currency trades. (more…)

Japan unveils $81 billion economic stimulus

A worker walks at staircases as he prepares to carry containers loading onto a cargo ship at a pier in Tokyo December 8, 2009. Japan's government agreed on a 7.2 trillion yen ($81 billion) stimulus package on Tuesday, aiming to prevent the economy from tipping back into recession as deflation persists and a strong yen threatens exports. REUTERS/Issei Kato (JAPAN BUSINESS POLITICS EMPLOYMENT)  By Tetsushi Kajimoto

TOKYO, Dec 8 (Reuters) – Japan’s government agreed on a $81 billion stimulus package on Tuesday, aimed at preventing the economy from tipping back into recession as deflation persists and a strong yen threatens exports.

Economists said the 7.2 trillion yen plan, equal to about 1.5 percent of gross domestic product, would not provide a significant lift to an economy dependent on overseas demand for machinery, electronics and cars.

While several other economies are already debating phasing out economic stimulus deployed to fight the financial crisis, Japan continues to struggle amid chronically weak consumer demand and falling prices.

Japan regulator investigates BNP Paribas – newspaper

BNPPARIBAS-FORTIS/    TOKYO, Oct 15 (Reuters) – Japan’s securities regulator is probing allegations of market manipulation in share trading by BNP Paribas <BNPP.PA>, the Asahi newspaper reported, in what would be another regulatory issue for the French bank following a controversial deal last year with a failed property developer. (more…)

ANALYSIS-Japan banks to bear brunt of new capital rules in Asia

A woman walks past a Nomura Securities branch in Tokyo September 25, 2009. Japan's Nikkei stock average slid 2.6 percent on Friday, as financial shares were hit hard after Nomura Holdings said it plans to issue up to $5.6 billion in shares, raising concerns other banks could follow suit.  REUTERS/Toru Hanai (JAPAN BUSINESS)   By David Dolan
   TOKYO, Oct 2 (Reuters) – After raising $54 billion of equity this year to ride out the financial crisis, banks in Asia are likely to tap markets for billions more as the G20 moves towards tightening capital requirements for global lenders. (more…)

Japan bank minister says repayment halt good for banks

Japan's newly appointed Financial Services and Postal Services Minister Shizuka Kamei speaks during a news conference at the prime minister's official residence in Tokyo September 16, 2009.   REUTERS/Issei Kato By David Dolan and Noriyuki Hirata
TOKYO, Sept 19 (Reuters) – Japan’s new banking minister said his plan to freeze the repayment of bank loans to help debt-burdened individuals and small companies would be a positive for the banks, even as investors have fled financial stocks.


Japan taps ex-police official for bank minister – report

Shizuka Kamei, acting party leader of People's New Party, speaks at the Foreign Correspondents' Club of Japan in Tokyo August 17, 2009. REUTERS/Yuriko Nakao TOKYO, Sept 15 (Reuters) – Japan’s incoming government has picked a 72-year-old veteran politician and former police official to take charge of financial supervision in the world’s second-largest economy, public broadcaster NHK said on Tuesday.


Japan’s Hatoyama welcomes G20 regulation debate

JAPAN-ELECTION/   By Tetsushi Kajimoto
   TOKYO, Sept 4 (Reuters) – Japan’s next leader, Yukio Hatoyama said on Friday the fact that the Group of 20 finance ministers meeting in London this weekend will discuss financial regulation was a sign the world is reflecting on the excesses of market fundamentalism. (more…)