PRESS RELEASE

                                                                     22 September 1998                        Financial Supervisory Agency  The Third Meeting of the "Working Group on Financial Inspection Manuals" The third meeting of the Working Group on Financial Inspection Manuals was held today at the Financial Supervisory Agency (FSA). The Group's discussion focused on internal control systems in banking organizations and market risk management: - the Group discussed internal control systems taking into account the recently published Basle Committee's report on the issue; - several members of the Group presented reports on market risk management to provide a basis for further discussion. The next meeting is scheduled on 6 October.                   For further information, please contact:                    Toshitake KUROSAWA                    Inspection Department, FSA                    Phone 03-3506-6000 ext.3269                    Fax  03-3506-6119

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