All posts tagged "business improvement order"
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574EnforcementTokyo Prosecutors Indict SMBC Nikko Securities, Five Others
Prosecutors have filed charges against SMBC Nikko Securities and five others. The head of the firm's equity division was also arrested.
March 25, 2022 -
989EnforcementFSA Issues Business Improvement Order to Mizuho, Again
The business improvement order requires Mizuho and its parent to report to the FSA about the cause of another system failure which halted ATM operations on 11 February.
February 18, 2022 -
681EnforcementJapan FSA Orders Mizuho to Undergo Structural Reforms
Mizuho is directed to formulate plans to improve its governance and prevent more system failures from occurring. Three top executives will resign.
November 29, 2021 -
255Japan
Mizuho Experiences Eight System Glitch for the Year
The system failure affected 387 transactions for foreign exchange trades. Mizuho is required to submit a report on its IT systems to the FSA by 29 October.
October 8, 2021 -
406Japan
Japan FSA Issues Business Improvement Order to Mizuho
The order requires Mizuho to submit a report to the FSA by 29 October on its IT systems and detailed improvement plans.
September 24, 2021 -
557FeatureJapan FSA Orders JPX, TSE to Improve Following Market Outage
TSE President and CEO Koichiro Miyahara has resigned to take responsibility for a system failure that caused a full-day market closure in October.
December 1, 2020 -
731Feature
Tokyo Stock Exchange Faces FSA Probe Over System Outage
Based on an on-site investigation and findings from JPX's own investigative committee, the FSA will consider issuing a business improvement order.
October 20, 2020 -
1.2KJapanJapan FSA Pushes for Sustainability in Bank Business Models
Management changes may be needed at regional banks that lack sustainability in their business models, says the FSA's Toshihide Endo.
July 10, 2020
