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The Financial Services Agency Japan published an English translation of the Financial Inspection Rating System for Deposit-taking Financial Institutions.
The FSA released the “Program for Further Financial Reform” last December which aims to create a desirable financial system through the efforts of the private sector, rather than under the initiative of the public sector.
It proposed a “sharp, effective and selective administrative response through the introduction of a rating system into inspections that is based not only on the financial situation, but also on various viewpoints of financial institutions.”
Based on the deliberation results of the Financial Inspection Rating System Study Group, the FSA developed and implemented the Financial Inspection Rating System for financial institutions.
Financial Inspection Rating System