Japanese Bankers Association


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Japanese Bankers Association

An organization in Japan that represents banks and bank holding companies. It promotes compliance, helps set standards, and lobbies for favorable legislation. It traces its origins to 1945.
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Source: Japanese Bankers Association https://www.zenginkyo.or.jp/en/outline/organization/
Satoru Nishibori, president of Mizuho Bank (NYSE: MFG), was to become the chairman of the Japanese Bankers Association in April, but he withdrew following a massive computer glitch in his company that needed overseeing.
Masayuki Oku, chairman of Sumitomo Mitsui Financial Group, Inc (PINK: SMFG) and chairman of the Japanese Bankers Association, said that banks that are considered to big to fail need to curb executive pay.
''There is a need for the Bank of Japan to promote discussions (on antideflation policies) without exception,'' Masashi Teranishi, chairman of the Japanese Bankers Association, said at a regular news conference.
In an interview with the Financial Times, Takeshi Kunibe said that the banking lobby, the Japanese Bankers Association, would review the future of the Tokyo interbank offered rate - or Tibor.
Recent stock plunges were ''unexpected'' and ''I feel it would be very risky'' if banks' shareholdings top ''a certain level,'' Seiji Sugiyama, chairman of the Japanese Bankers Association, said at a press conference.
Masashi Teranishi, president of UFJ Bank and the chairman of the Japanese Bankers Association, told a joint news conference with six other top bank executives after the meeting, ''We could not conduct substantial or constructive talks.''
The chairman of the Japanese Bankers Association, Takeshi Kunibe has urged the government to follow through on its promises of deregulation to spur on the sluggish economy.
TOKYO - The Japanese Bankers Association informally decided Wednesday to appoint Bank of Tokyo-Mitsubishi UFJ President Katsunori Nagayasu as head of the association for one year from next April, banking sources said.
His remarks came a day after Masashi Teranishi, chairman of the Japanese Bankers Association, requested that the government buy collateral real estate based on effective book value.
The Japanese Bankers Association has announced that it could review about 16 banks in Japan to ensure that they were following the lobbying group's guidelines for submitting yen-denominated Tokyo interbank offered rates (Tibor).
The Japanese Bankers Association said last week that the combined net profit of Japan's 124 banks plunged 37.5 percent in fiscal 2007 from the previous year due to subprime-linked losses.
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