Q&A: Japan regulator aims to be glue for fragmented rules
“Unintended and unnecessary” splits in regulation damage financial markets, says FSA’s Ryozo Himino
Ten years ago – as markets were trying to find their feet after the 2008 economic quake – leaders of the G20 group of nations met in the US city of Pittsburgh to discuss how to improve the world’s financial stability. Top of their wish list was to dramatically improve derivatives regulation, by increasing transparency, bolstering capital levels and forcing more trades through clearing houses.
The
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