Shooting the messenger
Article Abstract:
Credit Suisse First Boston (CSFB) has had its derivatives arm, Credit Suisse Financial Products (CSFP) banned from operating in Japan following a decision by the Financial Supervisory Agency (FSA). The FSA was set up in 1998 and is seen as more efficient than its predecessor, aiming for transparency. The CSFP shut down is the first time a financial services firm has had to cease business in Japan, and the reason given is that it was selling inappropriate products. These products were previously seen as appropriate, and the buyers of the products, who sought to conceal losses, should be regulated, not CSFB.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
The return of the saver
Article Abstract:
Efforts to make the Japanese economy more competitive through deregulation are likely to encourage Japanese savers to invest more money in securities than in banks or post offices. Aspects of the financial-service industry that currently limit competition are discussed.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Lonesome George. The hunting of the vote
- Abstracts: Discounted: the City. The end of the miracle
- Abstracts: Going private. The personal and the political
- Abstracts: Bandage bandits. The bandits on their donkeys. Time bandits: France's media buyers
- Abstracts: To Bosnia's rescue? The West's options