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

August 10, 2012

Preview Citation

Format: Chicago

Japan: Basel Core Principles for Effective Banking Supervision: Detailed Assessment of Compliance, (USA: International Monetary Fund, 2012) accessed November 21, 2024

Summary

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.

Subject: Banking, Capital adequacy requirements, External audit, Financial regulation and supervision, Financial sector policy and analysis, Financial stability assessment, Market risk, Operational risk, Public financial management (PFM)

Keywords: Banking group, Capital adequacy requirements, Central bank, Corporate governance, CR, Credit risk, External audit, Financial stability assessment, Financial system, FSA guideline, FSA onsite examiner, FSA staff, Global, Holding company, Inspection manual, ISCR, Market risk, Onsite inspection, Operational risk, Risk management

Publication Details

Pages:

104
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/231
Stock No:

1JPNEA2012007
ISBN:

9781475506457
ISSN:

1934-7685

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