Japan:Financial Sector Assessment Program-Detailed Assessment of Observance on Basel Core Principles for Effective Banking Supervision

Publication Date:

September 18, 2017

Electronic Access:

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Summary:

This report assesses the observance of Basel Core Principles for Effective Banking Supervision in Japan. Banking regulations and supervisory processes have undergone significant improvements since the last Financial Sector Assessment Program. The Japan Financial Services Agency is in the process of reforming its supervisory practices and has been shifting its focus from assessing compliance with prudential requirements to a more sophisticated and forward-looking risk-based approach to supervising banks and bank holding companies. Although the supervisory framework is generally sound, some key priority areas need to be addressed. Corporate governance and risk management remains an area that needs further work to strengthen independence of boards.

Series:

Country Report No. 2017/282

Subject:

English

Publication Date:

September 18, 2017

ISBN/ISSN:

9781484319710/1934-7685

Stock No:

1JPNEA2017005

Pages:

229

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