Tadashi Ezaki, president and chief executive of the Tokyo Commodities Exchange, has called on the Japanese government to remove the barriers to exchange mergers.
Speaking to FOW at last months China derivatives forum,
he said that the exchange had been in discussions regarding a
merger but there were huge regulatory hurdles to overcome.
He said that it is important the government removes
the hurdles, which includes the complexity of the regulatory
regime in Japan where each underlying asset class *(eg
commodities, FX) has a separate regulator, to enable the
exchanges to realise the economies of scale that come with
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