Risk Japan 2011: MUFG risk chief hits out at supervisors on RRPs

Masao Hasegawa, MUFG: surprise over recovery plans

Masao Hasegawa, chief risk officer at Mitsubishi UFJ Financial Group, told delegates attending Risk Japan 2011 today in Tokyo that he was "surprised" by demands from Japanese regulators for detailed recovery plans – part of so-called recovery and resolution plans (RRPs) required from systemically important banks – by December this year.

His comments appear to confirm that MUFG, which has operations in 40 countries, is included as a systemically important financial institution (Sifi).


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