Japan’s regulator stands firm behind Basel as peers buckle
Japanese banks fear being at a disadvantage to rivals as Basel III implementation falters
Japan’s bank supervisor won’t backtrack on its implementation of internationally agreed bank capital rules, despite other jurisdictions diverging or delaying. Concern is rising among the country’s banks, however, that they will suffer from competitive distortions against rivals with laxer rules.
“We do not have a plan to change the schedule of the phase-in arrangement and will reiterate the importance of implementing all aspects of the Basel III framework in full, consistently, and as soon as
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