PRESS RELEASE

                                8 September 1998                          Financial Supervisory Agency  The Second Meeting of the "Working Group on Financial Inspection Manuals" The second meeting of the Working Group on Financial Inspection Manuals was held today at the Financial Supervisory Agency (FSA). The Group's discussion focused on basic principles of financial inspection, as well as internal control systems in banking organizations: - the Group discussed the objectives and role of inspection, and their relation with the self-responsibility principle of financial organizations and the market discipline; - two members of the Group presented reports on internal control systems to provide a basis for further discussion.                   For further information, please contact:                    Toshitake KUROSAWA                    Inspection Department, FSA                    Phone 03-3506-6000 ext.3269                    Fax  03-3506-6119

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