Before the Copenhagen meeting, he said the Eurolist approach was "conceptually flawed" and would reduce liquidity.
To reduce excessive liquidity and make trading more costly is a social benefit, rather than a heavy price.
They do not want to place a damper on trading in new instruments or to reduce liquidity of the capital markets.
Each party then has to hold additional funds to protect itself against the risks that are not netted out, reducing liquidity in the market.
He found that accounting manipulation in a country, increases significantly the cost of financing of companies and reduces liquidity.
It would reduce liquidity on the market and increase costs.
The attempt to reduce liquidity in the economy through high real interest rates was the government's main mistake.
These instruments are sold to increase liquidity and bought by those who wish to reduce liquidity, in what is known as a secondary market.
Buyers are temporarily too liquid and therefore wish to reduce liquidity by buying.
Trading maneuvers tied to the close of Japan's fiscal year on Sept. 30 have also reduced liquidity in the currency markets, he said.