In Japan, listed companies' stock certificates became completely paperless in January 2009, ending one phase of securities clearing system reform dating back to the 1990s. In the wake of...
It is important for financial institutions to reach an industry-wide consensus on methods for determining illiquid financial products’ fair value. Equally important is an understanding of mark-to-model valuation’s limitations...
An agreement has been reached to scrap certificated, or paper, shares by January 2009. However, extensive advance preparations will be needed in 2007 to avoid confusion during the switchover.
A final resolution of the nonperforming loans problem, until recently the most important issue facing Japanese financial institutions, is now in sight. Quantitative credit risk management techniques have also...
Many analysts have argued that prospective increases in short-term interest rates will enhance banks’ loan-to-deposit spreads. But a number of other issues must be taken into account. Depending on...
As the fund business expands, more investment trust companies are hiring outside advisors to manage funds. For managers without a Japanese investment trust license, outsourcing offers a promising entry...