Capital Markets & IT - lakyara April 2021
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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In March, the BOJ launched a new deposit facility that pays an extra 10bps of annual interest on qualifying regional financial institutions’ excess reserves held at the BOJ. The program aims to better align BOJ policy with government policy and soften the BOJ’s NIRP. It should incentivize regional financial institutions to cut overhead expenses.