JBA Issues Opinion on Financial Futures

On May 2, JBA submitted its opinion on the draft "Government Ordinance for Amending Related Ordinances Accompanying Amendments to the Law on Financial Futures Transactions" to the Financial Services Agency (FSA).Banks are involved in doing derivative transactions with a variety of customers under the supervision of FSA. In the opinion, JBA made a request to have freedom to develop other combined derivative products that are exempt from the Law on Financial Futures Transactions. These would be added to the combined deposit and currency options that exist today and would provide a greater breadth of unhampered business.