Derivatives Regulations and Usage in Japan: Buy-side Perspectives

Japan’s regulatory landscape has generally been supportive of derivatives use by various segments of the buy side. While there are some guidelines on the purposes for which derivatives can be used by certain entities, which are not unique to Japan, the overall regulatory environment recognizes the valuable risk mitigation function that derivatives can serve. Despite this regulatory environment, derivatives are not widely used by buy-side firms in Japan, and this could impact the ability of Japan to promote itself as a leading asset management center.

Click on the PDF to read the paper. A Japanese version is also available.

Cross-product Netting Under US Capital Rules

ISDA, FIA and the Securities Industry and Financial Markets Association (SIFMA) have developed a discussion paper to: (i) provide an overview of cross-margining programs developed by clearing organizations and their importance in the context of implementing recent market reforms with...

ISDA/IIB/SIFMA request to extend 22-14

This joint ISDA/IIB/SIFMA letter requests reporting relief for certain non-US swap dealers in Australia, Canada, the European Union, Japan, Switzerland or the United Kingdom with respect to their swaps with non-US persons.  The joint trade association letter, submitted to CFTC...