BOJ may ramp up fiscal policy actions
Felix Shipkevich - January 24, 2010Bank of Japan policy makers are prepared to consider expanding an emergency-loan program for banks and increasing purchases of government debt should the recovery falter, people with knowledge of the matter said.
Establishment of the Chiang Mai Initiative Multilateralization
Felix Shipkevich - December 28, 2009The Finance Ministers and Central Bank Governors of the ASEAN Members States, China, Japan and Korea (ASEAN+3) and the Monetary Authority of Hong Kong, China, announced the signing of the Chiang Mai Initiative Multilateralization (CMIM) Agreement following the conclusion on all the main components of the CMIM at the ASEAN+3 Finance Ministers’ Meeting (AFMM+3) in May 2009 in Bali, Indonesia
CFTC no-action letter permits offer and sale of the mini-TOPIX futures contract
Felix Shipkevich - November 11, 2009The CFTC issued a no-action letter permitting the offer and sale in the United States of the mini-TOPIX futures contract, TOPIX Core30 futures contract and TSE REIT index futures contract.
Mini-TOPIX futures contract is one-tenth the size of TOPIX futures contract, and allows investors to have smaller exposure to TOPIX-based assets. TOPIX Core30, the underlying index [...]
FSA plans to set leverage limits on retail Forex
Felix Shipkevich - July 6, 2009Japan’s Financial Services Agency is planning to set limits on how much foreign-exchange investors can buy on margin. The FSA unveiled a plan to curb speculative trading in two stages, in order to spread out and neutralize any market impact. The plan calls for the leverage cap to be set at 50 times the amount [...]
CFTC grants TFX member firms exemption from certain Part 30 regulations
Felix Shipkevich - October 14, 2008Pursuant to Commission Regulation 30.10, CFTC grants certain exemptions to firms designated by the Tokyo Financial Exchange, Inc. (TFX) from the application of certain foreign futures and option regulations based upon substituted compliance with applicable Japanese law and TFX regulations. See the October 14, 2008 Federal Register for exemptions and conditions.
