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Securities / Derivatives
Japan’s New Foreign Investment Rules Take Effect
By Manesh Samtani | 10/05/2020
While a series of exemptions for foreign financial institutions have been granted, the new requirements only allow 30 days for full implementation on 7 June.
BOJ Ramps Up Support for Bond Markets, Corporate Japan
By Editors | 27/04/2020
The BOJ has removed its bond-buying cap, more than doubled its limit on corporate debt purchases, and expanded the collateral banks can pledge to include household debt.
Securities / Derivatives
Japan: Corporates to Get Financial Support, Easier Write Down Rules
By Editors | 06/04/2020
The FSA will convene a joint council of key industry bodies to agree on easier write-down rules, while the government prepares an aid package for large corporates.
Market Infrastructure
Japan Lacks Consensus on LIBOR Replacement – Report
By Editors | 05/04/2020
About 57% of Japanese banks say TIBOR should be used, while about 70% of companies prefer to use forward-looking term rates based on TONAR.
Market Infrastructure
Fed Establishes Repo Facility to Ease USD Funding Stress
By Editors | 31/03/2020
Foreign central banks can temporarily exchange their US Treasury holdings with the Fed for US dollars, which can then be made available to institutions in their own jurisdictions.
Capital / Liquidity
Japan Plans for Basel III Implementation in March 2023
By Editors | 31/03/2020
The FSA also said NSFR implementation is being deferred by one year to April 2021, as the BOJ relaxes the eligibility requirements for firms to participate in its market operations.
BOJ Carries Out Emergency Operations to Curb Bond Volatility
By Editors | 20/03/2020
The 1.3 trillion yen emergency bond-buying operation to was aimed at stabilising the debt market given its recent volatility, the BOJ said.
Market Infrastructure
Fed Establishes FX Swap Lines with Nine Central Banks
By Editors | 19/03/2020
Temporary currency swap lines will be established with 9 central banks – including BOK, RBA, MAS and RBNZ – to lessen the strain on US dollar funding markets.
Securities / Derivatives
UPDATED – BOJ Introduces New Lending Facility, Expands Asset Purchases
By Editors | 16/03/2020
The new 8 trillion yen lending facility will offer banks one-year, zero-interest loans collateralised by corporate debt securities. The BOJ is also doubling its annual ETF purchase capacity.
Market Infrastructure
BOJ, FSA Publish Findings on LIBOR Transition Progress
By Editors | 15/03/2020
About 50% of the 6.3 quadrillion yen in notional derivatives referencing LIBOR will mature after 2021, but “very few” contracts incorporate fallback provisions.
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