Japan: Financial Sector Assessment Program-Detailed Assessment of Observance on Basel Core Principles for Effective Banking Supervision
IMF Staff Country Reports, September 18, 2017
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- Japan: Financial Sector Assessment Program-Detailed Assessment of Observance on Basel Core Principles for Effective Banking Supervision
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Bibliographic details
- Published: September 18, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484319710.002
Overview and purpose
- This report assesses the observance of Basel Core Principles for Effective Banking Supervision in Japan.
- It evaluates banking regulations and supervisory processes and notes significant improvements since the last Financial Sector Assessment Program.
- The Japan Financial Services Agency (JFSA) 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.
Key findings
- Banking regulations and supervisory processes have undergone significant improvements since the last Financial Sector Assessment Program.
- 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.
Areas emphasized (subjects and keywords preserved exactly)
- Subject: Bank risk management, Bank supervision, Banking, Capital adequacy requirements, Credit risk, Financial regulation and supervision, Internal controls, Liquidity risk, Market risk
- Keywords: Asia and Pacific, Bank risk management, Bank supervision, banking group, board of directors, business model, central bank, CR, credit risk, Credit risk, Global, holding company, ISCR, JFSA Commissioner, Liquidity risk, Market risk, risk profile, senior management, trading bank
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- Country Report