Nomura exec: client clearing scale insufficient outside Japan

Competition is set to intensify for Japan OTC clearing market as Sumitomo Mitsui Trust Bank starts client clearing

Nomura
Nomura not large enough outside Japan to offer client clearing

Nomura's recent decision to exit the non-Japan client clearing business was due to a lack of scale in Europe and the US, says the firm's deputy chief risk officer Yuji Nakata who warns that regu