ECB survey shows credit terms easing; Japan's August current account surplus widens
Cited releases · 3
Results of the September 2026 survey on credit terms and conditions in euro-denominated securities financing and OTC derivatives markets (SESFOD)
AI The ECB's September 2026 SESFOD survey, covering June to August 2026 and based on responses from 26 large banks, found that overall credit terms and conditions eased slightly for all counterparty types for a fourth consecutive quarter, mainly through price terms. Demand for securities financing rose for equities and most other collateral types, haircuts decreased, and initial margins fell slightly for several non-centrally cleared OTC derivative types, while valuation disputes increased for several derivative types, particularly credit derivatives.
Hosting of Overseas Authority Officials at the Global Financial Partnership Center (29th Session: 15 Insurance Supervisory Authority Officials) AIAI translation
AI The Financial Services Agency's Global Financial Partnership Center (GLOPAC) invited 15 officials from overseas insurance supervisory authorities from 25 August to 3 September 2026 for its 29th training program, which presented the FSA's approach to key issues in insurance regulation and supervision and included an exchange of views on policy challenges. As of September 2026, including activities under its predecessor AFPAC, it has run 29 training programs and similar activities for overseas financial authority staff, hosting a total of 281 participants as researchers and in other capacities.
Outline of the Preliminary Balance of Payments Statistics for August 2026 (Reiwa 8) AIAI translation
AI The Ministry of Finance released preliminary balance of payments figures for August 2026 (Reiwa 8). The current account surplus was 4,062.0 billion yen, up 433.9 billion yen from a year earlier. The trade balance swung to a deficit of 687.7 billion yen, and the financial account showed a net asset increase of 2,218.3 billion yen. The primary income surplus was 5,133.2 billion yen, while exports were 9,862.3 billion yen (up 16.9%) and imports were 10,550.0 billion yen (up 26.7%).