Monday 17 March 2014

RBI in pact with Japanese financial regulator for co-ordination

The Reserve Bank of India (RBI) on Friday said it has signed an agreement for co-operation in the area of banking supervision with Financial Services Agency (FSA) of Japan, the regulator for financial services in that country.
The central bank has been signing similar agreements with regulators of other countries to promote co-operation and sharing of supervisory information among international financial regulators. Till date, the apex bank has signed 19 such agreements, it said in a press release.
The agreement was signed by Masamichi Kono, vice-commissioner for International affairs, FSA; and deputy governor, on behalf of RBI.

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