Credit culture and disclosure are being improved, and prudential standards are being strengthened, for instance in risk concentration, connected lending and liquidity management.

CNN: REFORM IS CRUCIAL

Since Japan is struggling to free itself from a banking crisis caused partly by widespread connected lending (thanks to the system of corporate groups known as keiretsu, today's variant on the zaibatsu), Mr Ochi's preferences seem most peculiar.

ECONOMIST: Japanese banking

Nevertheless, lawyers not connected with either the Entwistle or Milberg firms say the issue of pricing and the mechanics of the securities-lending business are ripe for investigation.

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