Japanese Regulators To Revise Bank Rules

Japanese regulators on Friday proposed overhauling their supervision of banks, signaling Japan won’t tolerate cover-ups like the one that got Daiwa Bank evicted from the United States.

But while government officials portrayed the plan as sweeping, some industry analysts doubted that regulators would speedily implement the changes.

“The danger is to confuse the will to change with the ability to implement rapid change,” said Alicia Ogawa, a banking analyst at the Salomon Brothers Inc. securities firm. “I think a lot of foreigners have a lot of false expectations about how quickly things can happen here.”