RBI, FSA of Japan sign pact for cooperation in banking supervision

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RBI, FSA of Japan sign pact for cooperation in banking supervision
Reserve Bank today entered into an agreement with Financial Services Agency (FSA), Japan, for cooperation in the area of banking supervision.

A 'Letter' in this regard was signed and exchanged between the two parties FSA Head Quarters in Tokyo, the apex bank said in a statement.

RBI has been signing the Memorandum of Understanding (MoU) with supervisors of other countries to promote greater co-operation and sharing of supervisory information.

This is the first EoL being entered into by RBI with an overseas supervisor, added the press release.

Read more about: rbi, fsa
Story first published: Tuesday, March 18, 2014, 13:00 [IST]
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