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Part III Sustainable Finance, 15 Digitalization and Sustainability: Implications for Financial Law from a Japanese Perspective

Hideki Kanda

From: International Monetary and Banking Law post COVID-19

Edited By: William Blair, Christos Gortsos, Chiara Zilioli

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 23 May 2024

Regulation of banks — Enforcement — Supervision — Monetary system

This chapter examines the Japanese perspective on the implications of digitalization and sustainability in financial law. It highlights the importance of enforcement as it necessarily affects the convergence or divergence of substantive legal rules. Additionally, global investors often vote against the management of financial institutions that extend loans to firms that do not consider sustainability seriously. The chapter then raises the argument of digitalization offering a new tool for process change for promoting sustainability goals. It also explains that paper-based processes changing to a process of electronic records may trigger the necessity of new legal rules that concern data security.

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