The order requires Mizuho to submit a report to the FSA by 29 October on its IT systems and detailed improvement plans.
Matthew Field discusses how Japan's FIs can enhance the maturity of their AML programmes through a data-driven approach that places the customer entity in focus.
An FSA team will directly oversee a system inspection and improvements at Mizuho following seven system failures at the bank this year.
Startups say IPO prices are set too low prior to listing and that they have often surged on listing. Brokers say the gaps are caused by volatility.
J-GATE 3.0 will help to expand market liquidity and improve reliability and convenience for investors and trading participants.
A global regulatory framework for cryptoassets that only includes banks would exacerbate rather than contain financial stability risks.
The latest failure disrupted about 100 ATMs due to a “hardware problem”, though affected services were restored quickly.
FSA to replace the ‘comply or explain’ model to help tackle climate change and give investors more insight on leading companies.
The BOJ and FSA are collaborating to measure the resilience of Japan's three mega-banks and top three non-life insurers to the risks posed by climate change.
In a report to the FSA, Mizuho says it will revamp its system restoration procedures, review its customer response measures, and reassess its core banking system.
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