The rule changes incorporate the international disclosure standards into Form 20-F.
Japanese disclosure standards are extremely lax, so the bank did not say exactly how much in interest payments was being lost.
He must convince companies to adopt new disclosure standards.
The Domestic Standard, with minimum disclosure standards, holds less appeal.
The long one was that Towers had not met the state's disclosure standards.
All securities listed by the Exchange must meet minimum disclosure standards.
But the association said confusion would result if each state began to set its own disclosure standards.
And it would impose tough disclosure standards on sales of company stock by executives.
The next day, Japan's banks promised to come clean on bad loans by adopting international disclosure standards.
Q. So it's not just the disclosure standard they have on the Federal level.