Chiral anomalies in the reduced model
  On the basis of an observation due to Kiskis, Narayanan and Neuberger, we show that there is a remnant of chiral anomalies in the reduced model when a Dirac operator which obeys the Ginsparg-Wilson relation is employed for the fermion sector. We consider fermions belonging to the fundamental representation of the gauge group U(N) or SU(N). For vector-like theories, we determine a general form of the axial anomaly or the topological charge within a framework of a U(1) embedding. For chiral gauge theories with the gauge group U(N), a remnant of gauge anomaly emerges as an obstruction to a smooth fermion integration measure. The pure gauge action of gauge-field configurations which cause these non-trivial phenomena always diverges in the 't Hooft $N\to\infty$ limit when d>2. 
Yoshio Kikukawa, Hiroshi Suzuki