EU’s Basel delay could cause problems for Japan
Asia Risk Congress: unaligned timetables creates difficulties for Japan's megabanks
Japan’s megabanks could face significant challenges if their home regulator pushes ahead with Basel Committee on Banking Supervision reforms while regulators in the EU delay implementation of the final framework, according to a senior regulation expert for Mitsubishi UFJ Financial Group (MUFG).
“If your parent or the group is [operating] under the new regime whilst your subsidiary or subsidiaries are operating under the old regime, you have to run two engines,” said Tomohiro Ishikawa, MUFG’s
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