Japan¡¯s financial regulator is urging local banks to better manage risks tied to their $655 billion (?87.3 trillion) in securities holdings, even as they remain insulated from the recent turmoil at some U.S. peers.
¡°There is room for improvement in risk management at some banks,¡± said Tatsufumi Shibata, a senior official in charge of regional bank oversight at the Financial Services Agency.
¡°Their portfolios have been changing both in their makeup and importance,¡± he said in an interview, adding that it is necessary to put systems in place to deal with this.
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