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As
part of the proposals, the FSA will set up a Financial
Monitoring Bureau by combining the Inspection Bureau and
Supervisory Bureau as early as July 2018, the officials said,
requesting anonymity because they are not authorized to speak to
media.
The proposals come at a time when banks, particularly small
ones, face interest rate risks and the FSA pushes for
consolidation of regional banks.
If approved by the FSA head, this would mark the first major
reshuffle of the agency since it was established in 1998 by
taking over the then Financial Supervisory Agency.
A final version of the draft proposals, viewed by Reuters, also
called for strengthening of monitoring functions.
The FSA has sought ways for the two bureaux to act as one in
monitoring financial institutions while grasping various risks
at an early stage and responding to new business needs.
However, a swift response has been deemed difficult as long as
the bureaux in question are vertically divided, they said.
(Reporting by Takahiko Wada; Writing by Tetsushi Kajimoto;
Editing by Nick Macfie)
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