Past Events

An Address by former FSA Minister Nakatsuka

Mr. Nakatsuka, former Minister for Financial Services, gave an address to IBA members. Mr. Nakatsuka discussed a variety of topics, including:

  • His experience as Minister for Financial Services;
  • The Japanese economy and financial markets;
  • and Recent financial regulations, in Japan and abroad
Special Events  

Revised Act on Prevention of Transfer of Criminal Proceeds and Measure Against Financial Crimes

Mr. Chiharu Yamazaki, Partner, KPMG AZSA LLC

Mr. Yamazaki provided an overview of the revised Act on Prevention of Transfer of Criminal Proceeds that was enforced in April 2013. He also discussed the background of the revision and future directions, as well as the framework that financial institutions should develop as measures to financial crimes in anti-social forces, with the perspective of a mid to long term preparation for the possible rise of the regulatory requirements in the future.

Legal/Regulatory  

LIBOR Manipulation: Circumstances, Fallout and Implications for Financial Firms

Mr. James E. Hough, PartnerMorrison & Foerster LLP

Mr. Hough gave an overview of the incident, lessons learned, and the ongoing fallout. This presentation was highly recommended for management, personnel involved in benchmark setting, and legal and compliance staff. Attendees gained a greater understanding of potential blind spots in internal controls and compliance as well as strategies for remediation.

Financial Markets  

University of Tokyo-IBA Joint Workshop on the Financial Instruments and Exchange Act

Mr. Sadakazu Osaki, Head of Research, Center for Strategic Management & Innovation, Nomura Research Institute, and Visiting Professor, Graduate School for Law & Politics, The University of Tokyo

This event was the fourth round of the FIEA workshops held in 2012 and 2013. These workshops are targeted at professionals of legal, compliance and other regulatory functions within IBA member firms. This workshop was organized by the University of Tokyo, Program on Global Securities Market Law. The program was led by Professor Hideki Kanda and Professor Hiroyuki Kansaku of the University of Tokyo and supported by Visiting Professors (Mr. Matsuo of Nishimura & Asahi and Mr. Osaki of Nomura Research Institute).

Legal/Regulatory  

The New BOJ-NET and Recent Trends in Payment and Settlement Systems

Mr. Takeshi Shirakami,
Director, Mr. Yasuhiro Tokutaka,
Director, Mr. Tadaaki Kumagai,
Director, Payment and Settlement Systems Department, Bank of Japan
Dr. Taiji Inui, Senior Manager, NTT DATA Corporation

Speakers from the Bank of Japan gave an overview of the on-going upgrading project of the BOJ-NET, including background, key features, and timeline of the upcoming upgrade. Dr. Inui addressed the most recent trends in payment and settlement systems throughout Asia, as well as implications to payment and settlement systems in Japan.

BCP-DR-IT  

Ministry of Finance Briefing on Revisions to the Foreign Exchange Inspection Manual

Mr. Norihiko Tagawa, Senior Foreign Exchange Examiner,
Mr. Yasunori Okamoto, Foreign Exchange Examiner
The Foreign Exchange Inspection Manual will be amended in accordance with the amendment to AML regulations, i.e. the Law on Prevention of Transfer of Criminal Proceeds. The FX inspection manual amendment will be announced in early March and will take effect on April 1. The presentation will focus on currency exchange business, rather than the entire manual, and is recommendable to those banks conducting such business.

Financial Markets