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The changes have resulted in the tax burden being shifted to the new challenger banks which are meant to be providing much-needed competition to the high street big four, leaving weaker oversight of the financial system.
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Critics say that this exposed the main weakness in Japan's nuclear power industry: weak oversight.
The department has not attempted any calculation of the total financial impact of its weak oversight.
"It is probably one of the weakest oversight positions at one of the worst possible times".
Portugal and Spain share the same weak oversight of public spending, with auditors too weak or lacking independence from government.
The project was plagued by widespread fraud and weak oversight and became a lingering embarrassment for Mayor Michael R. Bloomberg's administration.
"California has very weak oversight procedures as far as allowing an institution to operate within its borders.
The report also described what it called "fraudulent activities," weak oversight and accounting irregularities at a related nonprofit group.
Its weak oversight allowed a relatively junior employee to place bets worth more than the bank's entire capital.
But the pattern of weak oversight, they said, was clear in how retreat mining was considered, approved and monitored.
The audit concluded that such weak oversight "compromised the integrity of speech claims and the school health program".
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CEO of Professional Science Editing for Scientists @ prosciediting.com