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RBI-FSA Japan for Co-operation in Banking Supervision
Mar 19, 2014

Reserve Bank entered into an agreement with Financial Services Agency (FSA), Japan, for co-operation in the area of banking supervision. A Letter in this regard was signed and exchanged between the two partiesat FSA Head Quarters in Tokyo.

RBI has been signing the Memorandum of Understanding (MoU) with supervisors of other countries to promote greater co-operation and sharing of supervisory information. Till date, it has signed 19 such MoUs. Exchange of Letters (EoL) is also a popular practice among the global supervisors for setting up a formal platform/gateway for exchange of supervisory information and enhancing supervisory co-operation. This is the first EoL being entered into by RBI with an overseas supervisor.

 


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