Capital Markets & IT - lakyara June 2018
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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Proposed Revision of Japan's CG Code:continuous discussion for effectiveness of governance reforms
Japan’s Corporate Governance Code is in the process of being revised for the first time in its three years of existence. The current Code is said that many companies’ compliance is still a mere formality and the Code’s directives are not driving improvement in governance. The Code will likely need to be periodically revised on an ongoing basis to effectively broaden compliance to smaller companies and other still-noncompliant companies.
Issues to be addressed as Japanese equity markets migrate to T+2 settlement
The Japanese security industry is preparing to transition to T+2 settlement of equity trades by July 2019, following the lead of major overseas markets. A smooth transition will require diligent preparation on an industry-wide basis.