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Receive free updates from Japan We will send you a MyFT Daily Summary email gathering the latest news from Japan every morning. Taizo Nishimuro was an avuncular and widely admired titan of the Japanese business establishment who ran three of the country’s most important companies and exemplified both the good and the bad in his …

The RBA Financial Stability Review said the culture within banks can have a major impact on how a wide range of risks are identified and managed. “There have been a number of examples where the lack of a strong positive culture has led to deteriorating asset performance, misconduct and loss of public confidence,” the RBA …