Regional Banks Association of Japan
|Regional Banks Association of Japan|
The Regional Banks Association of Japan is an association of regional banks in Japan. It has about 64 members. The association engages in activities that address various management issues common to all the regional banks, with the aim of fostering their sound development and contributing to the prosperity of regional economies.
The association aims to perform and improve the following functions: providing information and assisting to establish their business strategies; acting as the representative and the window of the industry; promoting cooperative operations and development; acting as a forum for the exchange of information among regional banks' carrying out surveys and conducting research and providing educational services.
In 2008, representatives from the Regional Banks Association of Japan and the Japanese Bankers Association called for relaxation of accounting rules related to securities to help lenders avoid losses.
There are three types of financial institutions in Japan: the central bank (Bank of Japan), private financial institutions, and public financial institutions. Private financial institutions can be divided into two main types, namely, institutions that accept deposits and others. In addition, institutions that accept deposits can be further broken down into banks, cooperative financial institutions, and the federations of cooperative financial institutions.
Regional banks are banks licensed under the Banking Law, as are city banks and member banks of the Second Association of Regional Banks (most of which were mutual banks and have been registered as banks since 1989), and play a main role as commercial banks in Japan. Whereas city banks offer banking services to relatively many large corporate customers, regional banks (and member banks of the Second Association of Regional banks) focus their business mainly on retail banking.
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- Chairman, Tadashi Ogawa, who is also president of Bank of Yokohama Ltd., Japan's biggest regional lender by assets.
- Regional Banks in Japan 2008. Regional Banks Association of Japan.
- Shinsei Chairman Yashiro Calls for Emergency Accounting Change. Bloomberg.