FSB: Japan should strengthen financial stability framework
Resolution and macro-prudential policy have room for improvement
Japan has made progress on its macro-prudential and resolution frameworks but still has work to do, according to a peer review published today (December 21) by the Financial Stability Board (FSB).
In some respects, for example with its implementation of a 'cross-sectoral' resolution regime, Japan is a leader among FSB jurisdictions, the review said. It has also established a council to bring together the Bank of Japan and Japan Financial Services Agency (JFSA) to co-operate on macro-prudential
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