Japan: Basel Core Principles for Effective Banking Supervision: Detailed Assessment of Compliance

International Monetary Fund

No 2012/231, IMF Staff Country Reports from International Monetary Fund

Abstract: This report focuses on the effectiveness of the Japanese Financial Supervisory Authority (FSA) and the Bank of Japan in supervising and regulating the Japanese financial system during the March 2011 earthquake. The report also highlights Japan’s compliance with the Basel Core Principles (BCPs) for Effective Banking Supervision. Japan has introduced various improvement measures to its regulatory framework and has an operational set-up that largely complies with the norms of the BCP's. In general, the mandates for supervision are structured and FSA given a free hand on supervisory responsibilities.

Keywords: ISCR; CR; risk management; central bank; banking group; Onsite inspection; holding company; financial system; credit risk; FSA staff; corporate governance; FSA onsite examiner; inspection manual; FSA guideline; Financial stability assessment; Capital adequacy requirements; External audit; Market risk; Operational risk; Global (search for similar items in EconPapers)
Pages: 104
Date: 2012-08-10
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