Financial Services Agency (FSA) (Japan)
'Contradictory' Basel III regulations causing market distortions
Implementation of regulation such as Basel III is causing unusual outcomes say market participants
Japan FSA: cross-border recognition process too slow
US and Europe must recognise third-country rules as equivalent sooner
Japan slams European rules on bilateral swaps
Japanese firms will to look to use non-European counterparts
Japan FSA threshold for trade execution 'extremely high'
Only banks with ¥6tn in derivatives must trade swaps electronically
Japan FSA proposes two phases for mandatory clearing
Japan expands scope of clearing regime
Japan FSA relaxed about spike in JGB liquidity swap trades
No regulatory focus on emerging Japan liquidity swaps market
Overreliance on outsourcing is a growing risk for asset managers
Regulators are turning their attention to reliance on outsourcing – but there may be little that asset managers can do to reverse the trend, even if they wanted to
Tough stance on insider trading at hedge funds getting results
David Kirk, the UK Financial Conduct Authority’s chief criminal counsel, says "dubious trading activity" has fallen by 50% in three years as FCA vows to continue crackdown on hedge fund traders
Bank analysts spooked by huge gulfs in Basel RWA review
Some banks calculating measures that are 3% of the median in Basel Committee study, while others are more than 2,500%
First Libor fines point the way for harsher regulation
Getting tough
Asia regulators try to work together as trade repository regimes begin in 2013
The move to central clearing will generate a wealth of information on derivatives around the region – but making use of this requires both trade repositories and data sharing. Progress on both has been slow
Asic to consult on trade repositories in first quarter 2013
The Australian securities regulator is looking to consult on its trade repository plans at the end of the first quarter, with an eye to implementing the regime later in the year
FSA fine for Cummings signals greater focus on individual culpability
£500,000 fine is a UK record for individuals
Handling a dawn raid
Handling a dawn raid
Risk.net poll: Basel Committee wrong to be sceptical of capital models
Readers of Risk.net vote two to one against the Basel Committee's new-found distrust of internal capital modelling
Companies selling Ucits given more time to apply to provide Kiid post transaction
Sellers of Ucits products in the UK now have until 2014 to apply for permission to provide the key investor information document after a transaction is completed rather than before
FSA fears 'tick-box' approach to risk management as insurers focus on Solvency II capital requirements
Companies will not receive any more guidance from FSA on Orsa development
GRC special report: compliance costs
Sector faces compounded compliance costs
Credible capital: regulators prepare to tackle RWA divergence
Credible capital
SIG to keep an open mind on RWA probe, says Himino
The Basel Committee’s standards implementation group has begun an investigation into RWA consistency, but chair Ryozo Himino says there might be good reasons for discrepancies