The then financial crisis found both central banks and banks ill-equipped and lacking in respect of skills in risk management. They were both unprepared for disruptive shocks to financial stability. For many years, a select group of central bankers used to meet regularly at the Bank for International Settlements in Basel.
I hope that Japanese financial institutions will establish their respective business models and pursue proactive efforts including tapping new fund  4  BIS central bankers’ speeches  demand, while skillfully gauging various changes in the business environment at home and abroad. Second, it is also important to raise the core profitability of the existing borrowing firms through enhancing their governance.