Japan regulator calls on laggards to keep Basel promise
After EU and UK delays – and amid fears of US divergence – Japan is keeping a close eye on its peers, says Shigeru Ariizumi
A senior Japanese regulator has urged jurisdictions yet to adopt the final Basel III capital rules to keep to their word. The call comes amid concerns among Japan’s banks that they face unfair competition from foreign rivals operating under less stringent regulations.
“We are acutely aware of what’s happening abroad, including in the US and the UK and EU,” says Shigeru Ariizumi, outgoing vice
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