US dealers face trading lockout from small Japanese banks

Lack of substituted compliance for Japan's small bank margin rules causing concern

japan-closed-sign
Fears of an end to direct trading with US banks

US banks fear they will be unable to trade with small Japanese banks from March 1 due to a lack of substituted compliance for Japan's non-cleared margin rules for smaller institutions.

"We hope they [US regulators] will recognise the regulation for the smaller banks as well, otherwise it is a very strange situation where stricter rules will apply to them than [will apply to] the big banks," says Mai Shin, a vice-president at Goldman Sachs in Tokyo. "From March 1, US dealers will be shut out

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

Digging deeper into deep hedging

Dynamic techniques and gen-AI simulated data can push the limits of deep hedging even further, as derivatives guru John Hull and colleagues explain

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