Formulation of a Business Improvement Plan by The Higashi-Nippon Bank, Ltd. and Reconstruction of Its Internal Management and Governance Frameworks
First written in FY2019-Q1. 4 of 6 entries say "Advanced", first in FY2019-Q2. Latest entry: FY2021.
1 other company's latest entry also says "Advanced".
- FY2021AdvancedAnnual report
「In July 2018, 東日本銀行 received a business improvement order pursuant to Article 26, paragraph 1 of the Banking Act on the grounds that it had issues with its internal control and management systems. However, on 17 July 2020, the reporting obligation relating to the business improvement order was lifted. As the parent company, we continue to supervise 東日本銀行 and work to further strengthen its internal control and management systems.」
Even after the milestone of the reporting obligation being lifted, the response to the business improvement plan has continued through supervision by the parent company and the strengthening of the internal control and management systems. - FY2020AdvancedAnnual report
「In fiscal 2019, in accordance with the business improvement plan, we worked to establish systems for compliance with laws and regulations, customer protection and customer-oriented business operations, as well as an internal audit system. We also formulated the 東日本銀行 Sunrise Plan to secure sustainable profitability and soundness over the long term.」
In addition to establishing systems for compliance with laws and regulations, customer protection and internal auditing under the business improvement plan, a plan to restore profitability and soundness was formulated. - FY2019AdvancedAnnual report
「Based on the business improvement plan submitted by 東日本銀行 on 10 August 2018, we will supervise its steady implementation and work as a group to review and strengthen its internal control and management systems, thereby seeking to restore the trust of our customers, shareholders and all other parties concerned.」
Reconfirmed throughout the fiscal year the response concerning 東日本銀行's business improvement plan, including supervision of implementation after submission and the review and strengthening of its internal control and management systems. - FY2019-Q3RestatedAnnual report
「Based on the business improvement plan submitted by 東日本銀行 on 10 August 2018, we will supervise its steady implementation and work as a group to review and strengthen its internal control and management systems, thereby seeking to restore the trust of our customers, shareholders and all other parties concerned.」
Reconfirmed the policy that, with respect to the business improvement plan submitted on 10 August 2018, the holding company would supervise its implementation and promote the review and strengthening of the internal control and management systems. - FY2019-Q2AdvancedAnnual report
「Based on the business improvement plan submitted by 東日本銀行 on 10 August 2018, we will supervise its steady implementation and work as a group to review and strengthen its internal control and management systems, thereby seeking to restore the trust of our customers, shareholders and all other parties concerned.」
Following 東日本銀行's submission of its business improvement plan on 10 August 2018, the holding company's supervision of implementation of the plan and its measures to review and strengthen the internal control and management systems were specified in detail. - FY2019-Q1First statedAnnual report
「Going forward, based on the details of the above order, 東日本銀行 will formulate an effective business improvement plan and work to review and strengthen its internal control and management systems by steadily implementing the improvement measures. As a holding company, we will be directly involved in 東日本銀行's formulation of the business improvement plan, closely manage and supervise its steady implementation, and work as a group to rebuild the bank's operations with customer interests and compliance as the highest priorities and to strengthen its governance systems.」
In response to the business improvement order, the formulation and implementation of a business improvement plan by 東日本銀行, the holding company's direct involvement and management and supervision of progress, and the review of its internal control and management systems were specified in detail for the first time.