Japan's Ministry Of Finance Plans New Banking Supervision Body


JAPAN'S Ministry of Finance has announced plans to create a new agency to perform day-to-day supervision of the country's financial institutions.

The new body, dubbed the Financial Supervision Agency, will take over in July next year, together with other changes to Japan's regulatory structure.

However, many industry observers remain unimpressed by the government's attempts at reform, echoing previous criticisms of Japanese government's "big bang" financial deregulation plans, (RMO, June 30).


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