In-house interviews: Meeting Japan's tough banking challenges

Financial institutions in Japan are tackling the regulatory and commercial challenges that all market players face. Apart from trying to win mandates in Tokyo’s increasingly competitive market, the foreign investment banks must also be careful not to fall foul of tough local regulators. IFLR spoke to general counsel at prominent banks in Tokyo about what should be done to revive the economy, how to overcome tough compliance challenges and whether Japan should set up an independent regulator.