A consortium of Japan’s leading financial institutions, spearheaded by Mitsubishi UFJ Financial Group (MUFG), is testing distributed ledger technology to modernize Japanese government bond (JGB) repo markets. Operating within the Japanese Financial Services Agency’s (FSA) FinTech PoC Hub under its Payment Innovation Project, the initiative aims to compress the conventional one-to-three-day (T+1 to T+3) repo… Read More >>
BNY’s JGB Collateral Service Open to Non-Japanese Firms
BNY Mellon has introduced a cross-border solution that enables Japanese and non-Japanese institutions to utilize Japanese government debt (JGB) as part of tri-party collateral arrangements, says Staffan Ahlner, head of collateral management —product, for BNY Mellon Markets Group. The service provider says the solution is distinctive because it increases liquidity in the collateral market “by… Read More >>
