Japan's financial watchdog is planning to station a full-time inspector in Hong Kong to beef up monitoring as the nation's biggest banks expand their operations in Asia, according to sources.
The move by the Financial Services Agency is also intended to promote cooperative relations with financial authorities in the region.
The FSA currently has full-time inspectors in New York, London and Singapore.
Their job includes exchanging information with local financial authorities.
Inspectors increasingly need to grasp financial complexities that are unique to each region, the sources said.
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