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Nomura Stops Selling JGB-Backed Loans After Regulatory Scrutiny

Nomura Stops Selling JGB-Backed Loans After Regulatory Scrutiny

Bloomberg2 days ago
Nomura Holdings Inc. followed Mitsubishi UFJ Financial Group Inc. in halting the business of selling loans backed by Japanese government bonds, as regulatory officials tighten scrutiny of the products.
'After extensive internal discussions and a comprehensive evaluation, we have discontinued the sale of JGB repackage loans from the end of June,' a spokesperson from Japan's largest brokerage said Wednesday in a reply to Bloomberg News queries. The impact on revenue is 'extremely limited,' she said, declining to comment on the value of outstanding repackaged JGBs Nomura has sold to local financial firms.
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