Japan Said to Weigh Bank-Capital Surcharge; FSA Issues Denial
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Japan’s financial regulator is considering forcing the country’s largest banks to hold more capital than required under Basel III rules, a person with direct knowledge of the matter said yesterday.
The Financial Services Agency will start internal discussions soon on whether to apply a capital surcharge to systemically important lenders such as Mitsubishi UFJ Financial Group Inc., the person said, declining to be identified because the matter is confidential.