Tuesday, November 06, 2007
Japan’s regulator to aim for transparency
Japan’s Financial Services Agency signalled a shift towards a more UK-style principles-based regulatory model on Wednesday, to strengthen the country’s competitiveness as a financial centre.
Takafumi Sato, who was appointed FSA commissioner this summer, said the regulator was considering changing its rules-based, disciplinary approach for a more open, transparent and market-friendly style.
See full Article (paid subscription required).