And very importantly the draft legislation seeks to give some authority to the Central Bank to promote compliance. Thus it is proposed that the Central Bank be given the authority to require timely corrective action and to impose sanctions including fines, when these are deemed appropriate. Conclusion Ladies and gentlemen, regulation is a continuously evolving process.
Summary of an article entitled Risk Disclosure by Financial Institutions published in the Bank of Japan Quarterly Bulletin of February 1997 BANK OF JAPAN, COMMUNICATION, 28/2/97. Introduction Public disclosure by financial institutions has long provided information about business performance through the publication of financial statements.