Asia Risk 15: Ryozo Himino, Japan FSA

Financial institutions across the globe face a deluge of new regulation in the wake of the financial crisis. Banks will be forced to hold a greater proportion of high-quality capital so no-one will doubt the solvency of any institution that suffers a big loss. Firms will also be required to maintain large liquidity buffers comprising highly rated liquid assets to avoid a repeat of the problems that enveloped Northern Rock and others during the worst of the crisis. Meanwhile, regulators have