Echo Faces Official Objections As Tokyo Banks Seek To Join

DEALING & NETTING

The European Clearing House Organisation (Echo) is facing objections from Japanese regulators which are preventing banks in Tokyo from joining the multilateral clearing house for foreign exchange netting slated for launch next month (FX Week, November 8).

Echo chief executive Graham Duncan is apparently unconcerned about the Japanese Ministry of Finance's reaction, sources say, but failed to return calls by press time. As yet no U.S. banks have signed up with Echo but Duncan is quoted in Japanese

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: