Mitsubishi UFJ Financial Group Inc. said it hired a senior researcher from the Bank of Japan to analyze the nation’s financial industry, as lenders prepare for stricter rules governing capital levels.
Mitsubishi UFJ Morgan Stanley Securities Co., a brokerage unit of Japan’s biggest lender, appointed Junsuke Senoguchi as senior analyst this month, said Susumu Taroura, a Tokyo-based spokesman at the firm. Senoguchi, 44, worked at the BOJ’s financial systems and bank examination department, where he studied international banking rules.
Nomura Holdings Inc. and Mizuho Financial Group Inc. are among Japanese financial firms that are examining how more stringent capital and liquidity requirements being developed by global regulators may affect their business. Some of the rules have yet to be defined, including which firms will be regarded as global systemically important financial institutions, or G- SIFIs, that may be subject to more onerous capital standards.
“How the new regulations will affect the financial sector is an important theme,” Taroura said. It’s the first time for the brokerage to assign an analyst to cover the overall financial sector rather than individual firms, he added.
The Bank of Japan’s financial systems and bank examination department is responsible for monitoring and reviewing Japanese banks’ credit costs and capital.
The central bank and Financial Services Agency ranked Nomura as the world’s 19th most systemically important financial firm, Japanese newspapers reported last month. Mitsubishi UFJ was 24th in the list of 60 institutions and Mizuho was 36th.
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