The Financial Services Agency’s analytical note examines how margin moved in over-the-counter derivatives trading during periods of market volatility.
Japan’s Financial Services Agency published FSA Analytical Notes (2026.6) vol.2, a data analysis case study focused on margin trends in over-the-counter derivatives trading during episodes of market volatility. The report presents an analysis of how collateral requirements behaved in stressed market conditions, a key issue for market liquidity and counterparty risk management in derivatives markets.