Japan seeks speedy margin rule equivalence decisions

The country has equivalence agreements with Canada and the US, but not Europe

Japan’s Financial Services Agency
JFSA: in March it was the only regulator that didn't give its banks a grace period for complying with variation margin

With only a few months to go until the second wave of initial margin requirements for non-cleared derivatives in September, a senior official from the Japan Financial Services Agency (JFSA) has taken aim at the slow process of equivalence assessment in comments that appear primarily targeted at European regulators.

Speaking at a collateral management forum on June 7 in Tokyo, hosted by Risk.net, Tomohiro Miura, director of the JFSA’s prudential standards office, expressed a strong preference

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