Video: Japan FSA's Chikahisa Sumi talks about regulation's post-Basel III focus
The G-20 does not plan to sit still after its historic endorsement of Basel III. New targets include too-big-to-fail institutions, the shadow-banking system and commodity derivatives, according to Chikahisa Sumi, deputy commissioner for international affairs and competitiveness at the Financial Services Agency in Japan.
The Group of Twenty (G-20) finance ministers and central bank governors are moving to address regulatory concerns linked to the so-called ‘shadow-banking' system as well as risks associated with commodity derivatives as France takes over from South Korea as president of the group. This follows endorsement by the G-20 and the Financial Stability Board this month of the Basel Committee on Banking Supervision's proposed new regulatory capital regime dubbed ‘Basel III'.
During a video interview with
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