Special Committee on derivatives
Date of meeting | Contents and items of discussion |
The 1st meeting (December 5, 1995) |
-Bureau explanation How to proceed with discussions in the future Background of the establishment of the committee -Explanation of the "Derivative international seminar Osaka" Committee member, Mr. Seki (Vice chairperson, the Japan Securities Dealers Association) |
The 2nd meeting (December 25, 1995) | Theme: "Concerning security firm's risk management of derivative transactions" -Report explanation "Concerning the results of the research of the turnover of financial derivatives" Committee member, Mr. Kinoshita (Sales department chief, the Bank of Japan) -Bureau explanation "Concerning administrative handling relating to security firm's derivative and risk management" -Opinion statement Committee member, Mr. Kawakami (Managing director, Daiwa Securities) Committee member, Mr. Kawamura (Managing Director, Salomon Brothers-Asia Securities, Manager Tokyo office) |
The 3rd meeting (January 26, 1996) |
Theme: "Security firm's accounting control" (Part 1) -Opinion statement Committee member, Mr. Otsuka (Professor, Waseda University) Committee member, Mr. Teranishi (Managing director, Nomura Securities) -Bureau explanation "Concerning the entry of the market price method into security firm's trading duties" |
The 4th meeting (February 6, 1996) |
Theme: "Security firm's accounting control" (Part 2) -Q&A -Compiled report |
The 5th meeting (March 13, 1996) |
Theme: "Concerning the form of disclosures relating to derivative transactions" -Bureau explanation "The current situation and problems of disclosures relating to derivative transactions" -Explanation concerning the report on "research groups concerned with the form of disclosures relating to derivative transactions" Committee member, Mr. Nakajima (Managing director, Business Finance System Research Group) -Opinion statement Mr. Ishiomaru (Managing director, Nikko Securities) |
The 6th meeting (April 19, 1996) |
Theme: "The relation between clients and distributors in derivative transactions" -Bureau explanation "The relation between clients and sales distributors in derivative transactions" -Opinion statement Mr. Scott Anshaw (Morgan Stanley, Japan) Committee member, Mr. Kawanabe (Managing Director, Vice-president, Yamaichi Securities Investment Trust/Entrust) |
The 7th meeting (May 14, 1996) | Theme: "Concerning the improvement of risk management of futures/options transactions in the stock exchange market" (Part 1) -Bureau explanation "Concerning the improvement of risk management of futures/options transactions in the stock exchange market" -Opinion statement Committee member, Mr. Noguchi (Representative Director, Osaka stock exchange market) Committee member, Mr. Kawakami (Managing Director, Daiwa Securities) |
The 8th meeting (May 24, 1996) | Theme: "Concerning the improvement of risk management of futures/options transactions in the stock exchange market" (Part 2) -Opinion statement Committee member, Mr. Hanzawa (Managing Director, Tokyo Stock Exchange) Committee member, Mr. Kawamura (Managing Director, Solomon Brothers-Asia Securities, Manager Tokyo office) -Bureau explanation Main outline report, "Concerning the improvement of risk management of futures/options transactions in the stock exchange market" |
The 9th meeting (June 4, 1996) | Theme: "Concerning the improvement of risk management of futures/options transactions in the stock exchange" (Part 3) -Q&A -Compiled report |
The 10th meeting (October 18, 1996) |
Theme: "The diversification of derivative transactions" (Part 1) -Bureau explanation Explanation of rule and regulation revisions in the two reports appearing before Explanation of foreign/domestic stock related derivative products -Opinion statement Needs in derivative transactions Committee member, Mr. Saito (Managing Director, Vice-President, Nomura Securities) Committee member, Mr. Tabei (Managing Director, Daiichi Life Insurance) Committee member, Mr. Fukuma (Senior Managing Director, Mitsui & Co., Ltd.) -Q&A |
The 11th meeting (November 26, 1996) | Theme: "The diversification of derivative transactions" (Part 2) -Opinion statement Derivative transactions in the foreign securities market Mr. Shimizu (Secretary-General, CME/CBOT Tokyo) Committee member, Mr. Kawakami (Managing Director, Daiwa Securities) The relation between stock exchange transactions and over-the-counter transactions Mr. Yonezawa (Professor, Tsukuba University) -Q&A |
The 12th meeting (December 11, 1996) | Theme: "The diversification of derivative transactions" (Part 3) -Bureau explanation Introduction of "Discussion points arranged" of the (November 29) General Committee Concerning the entry of private stock option transactions into the stock exchange -Opinion statement Committee member, Mr. Mikajiri (Representative Director, Vice-president, Shin-Nihon Securities) Committee member, Mr. Fujisawa (Representative Director, Vice-president, The Industrial Bank of Japan, Limited) Committee member, Mr. Kawanabe (Representative Director, Vice-president, Yamaichi Securities Investment Trust/entrust) Committee member, Mr. Hanzawa (Managing Director, Tokyo Securities) Committee member, Mr. Noguchi (Representative Director, Osaka Securities) -Q&A -Presentation of an official draft announcement from the Chairperson ("Concerning the entry of individual stock option transactions into the stock exchange") -Approval of the official draft announcement |
The 13th meeting (January 28, 1997) |
Theme: "The diversification of derivative transactions" (Part 4) -Bureau explanation Explanation of discussion points concerning over-the-counter transactions -Opinion statement Explanation of over-the-counter transactions' diversified products Mr. Yamamoto (Managing Director, Nikko Securities) Main discussion points up to the present concerning over-the-counter derivative transactions Mr. Yoshikawa (Chief research member, Nihon Securities Economic Research Iinstitute Osaka) -Q&A |
The 14th meeting (February 25, 1997) | Theme: "The diversification of derivative transactions" (Part 4) -Opinion statement Concerning fair transaction rules in over-the-counter derivative transactions Mr. Mark Ofril (Managing Director, Morgan Stanley Japan Ltd.) Committee member, Mr. Hanzawa (Managing Director, Tokyo Stock Exchange) Committee member, Mr. Seki (Vice-chairperson, the Securities Business Association of Japan) -Q&A |
[About the financial system reformation (The Japanese version of the Big Bang)]