• SHARE

The Financial Reconstruction Commission will soon announce guidelines defining the circumstances under which the state might exert control over some of the banks that have received public funds, FRC Chairman Hakuo Yanagisawa said Wednesday.

Yanagisawa was referring to the government’s option to convert its holdings of banks’ preferred stocks into common stocks, which would allow the state to intervene in the management of banks.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW