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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The London Stock Exchange Group's earnings have remained buoyant even as other major exchanges' have stagnated. The LSE Group has expanded the scope of its operations by redefining its business model, transforming itself from a conventional equity exchange to a financial market infrastructure provider.
Chinese Capital Markets
Internet finance is a hot topic in China. In particular, the advent of Alibaba's Yu'E Bao in 2013 was a watershed event in terms of financial innovation. However, new regulations are needed to protect investors.
Miyagi Prefecture was particularly hard-hit by the catastrophic Great East Japan Earthquake of March 2011. It is now implementing a ten-year reconstruction plan in three phases. The first phase (three years) is restoration to the pre-earthquake status quo. In the second phase (four years), the Prefecture plans to revitalize (upgrade) its infrastructure to where it would have been if the earthquake had never occurred. In the third phase (three years), the Prefecture aims to better fortify itself against future natural disasters. With no model to follow for any of the three phases, Miyagi Prefecture is grappling with difficult challenges on a daily basis. NRI's Fumihiko Kamio spoke to Shinya Endo, head of Miyagi Prefecture's reconstruction program, about the challenges that lie ahead in 2014, the first year of the ten-year plan's revitalization phase.
In February 2014, the Tokyo Stock Exchange (TSE) established a working group to look into extending its cash market trading hours. The TSE's cash equity markets are currently open five hours per trading day, from 9:00am to 3:00pm with a midday recess from 11:30am to 12:30pm. Below I discuss what led the TSE to consider extending its trading hours and how it should approach the issue.