Capital Markets & IT - lakyara June 2015
Financial institutions are under constant pressure to reduce costs, improve operational efficiency, adapt to regulatory changes and grow their business. NRI believes that a combination financial knowledge and information technology are crucial to the industry’s growth and development.
Through our lakyara reports, NRI identifies the various capital markets and IT issues impacting our clients and the future of their business.
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Toyota Motor Corporation, one of Japan's flagship companies, plans to issue class shares in a novel form after amending its Articles of Incorporation at its general shareholder meeting in June. Its new "Model AA" shares will be preferred stock with the same voting rights as its common stock. However, they will be generally nontransferable for five years after issuance. Toyota plans to issue the Model AA shares serially over the five years from July 2015.
The daily life of the digital generation that has arisen since the turn of century is changing greatly in the wake of dramatic innovation in IT and networks. Against such a backdrop, FinTech–new IT-enabled financial services tailored to users’ needs–is garnering much attention. The time has come for incumbent financial institutions to embrace FinTech.
Highly liquid, highly transparent hedge fund strategies called liquid alternatives are gaining prevalence in the US and Europe. Given the need for ratings of individual managers' skills, wrap accounts may be the best way to popularize liquid alternatives in Japan.