But we retain only a few absolute rules within that framework, principally that all banks must at least meet the Basel capital adequacy rules. We rely mainly on a requirement that banks disclose to the public a substantial amount of financial and risk information quarterly.
A consultation paper containing details such as the data template was released in November 2014, and the framework will be finalized by the end of 2015, after taking account of the results of public consultation. In the coming months, active discussion on the domestic data collection framework will take place in Japan, mirroring developments at the global level.