Caught in the branches: Japan rebuffs EU ring-fencing plan

Proposed rules for foreign banking group supervision will disrupt business and resolution plans, says JFSA

kite-in-tree_Getty.jpg
Going too far: as ECB supervisors push to extend the rule to branches, Japanese regulators are protesting

When the European Commission (EC) unveiled its proposal for foreign banks in European Union countries to establish an intermediate parent undertaking (IPU) in November 2016, its denials did little to dispel the impression that the initiative had been provoked by the impending departure of the UK. And yet, with supervisors at the European Central Bank (ECB) now pushing to extend the rule to include branches, it is Japanese regulators who are crying foul.

“I would like to point out the fact that

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: