JFSA's Mori warns on over-regulation of banks

"The factories manufacturing new regulation are still operating at their full capacity"

ball-and-chain
Welter of regulation could cause – not curb – new crisis, says JFSA official

Japan's chief financial regulator has warned a fragmented approach to financial reform could be sowing the seeds of the next crisis, and called for regulators to consolidate some of their planned changes.

"The G20 leaders said that they have delivered the key aspects of the core commitment we made in response to the financial crisis. Their task now is to finalise the remaining elements of this agreement and to implement the agreed financial regulatory reforms," said Nobuchika Mori, commissioner

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