Japan FSA threshold for trade execution 'extremely high'

A proposed ¥6 billion threshold for Japanese banks to trade swaps electronically from September 2015 will only capture the "10 or 20" largest dealers, providing relief to many smaller financial institutions

hurdles

The Japan Financial Services Agency has released rules governing trade execution on its domestic version of swap execution facilities, but a high threshold means only the biggest players will be required to execute electronically in the first instance.

The draft rules propose that firms with an outstanding balance of ¥6 trillion ($59 billion) in notional derivatives must execute vanilla yen interest rate swaps electronically. Market participants say this will only capture the largest banks which

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here