The General Accounting Office released a study Monday describing Japan's bank regulatory structure.

By explaining how banks are supervised in other countries, the report, requested by Rep. Charles E. Schumer, D-N.Y., is designed to help lawmakers evaluate proposals for consolidating U.S. bank agencies.

The congressional watchdog agency has done similar reports on the British, German, French, and Canadian regulatory systems.

The report, titled "Japanese Bank Regulatory Structure," noted that Japan is trying to revamp the way it oversees banks in response to the failure of credit cooperatives, regional banks, and housing loan companies. To request a copy of the report, call the GAO at 202-512-4800 and ask for GAO/GGD-97-5.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.