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Capital Markets & IT -lakyara

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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Jul. 2009

Financial Infrastructure

Post-Dematerialization Reform of Securities Clearing Systems

Ken Katayama

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 the global credit crisis, OTC derivative trading and securities lending have emerged as targets for future reforms. Such reforms should contribute to ensuring the global financial system's stability.