Formulation and implementation of a business improvement plan following administrative disciplinary action
First written in FY2019-Q2. 2 of 5 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2022.
0 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「On 5 October 2018, pursuant to Article 26 of the Banking Act, we received from the Financial Services Agency a business improvement order that included a partial suspension of business. We submitted a business improvement plan to the Financial Services Agency on 30 November of the same year and have since reported progress on the plan to the Financial Services Agency every 3 months, beginning with the status at the end of December of the same year.」
We continue to report progress on the business improvement plan to the Financial Services Agency every 3 months. - FY2020RestatedAnnual report
「On 5 October 2018, pursuant to Article 26 of the Banking Act, we received from the Financial Services Agency a business improvement order that included a partial suspension of business. We submitted a business improvement plan to the Financial Services Agency on 30 November of the same year and have since reported progress on the plan to the Financial Services Agency every 3 months, beginning with the status at the end of December of the same year.」
The disclosure reiterates that progress on the business improvement plan is reported to the Financial Services Agency every 3 months and that implementation of the plan is continuing. - FY2019AdvancedAnnual report
「In April 2019, we re-established the Compliance Committee as a deliberative body for compliance matters.」
Progress in implementing the business improvement plan includes the activities of the Rebuilding Committee, formulation of the Compliance Charter, clarification of the three lines of defense, and re-establishment of the Compliance Committee in April 2019. - FY2019-Q3AdvancedAnnual report
「Pursuant to the business improvement order, we submitted a business improvement plan to the Financial Services Agency on 30 November 2018.」
The disclosure records the specific progress that the previously announced business improvement plan was submitted to the Financial Services Agency on 30 November 2018 pursuant to its business improvement order. - FY2019-Q2First statedAnnual report
「We will formulate and steadily implement an effective business improvement plan centered on the following measures: ・Clarification of management responsibility ・Rebuilding of the governance framework ・Training for all employees to acquire the knowledge they are expected to have as bank employees regarding lending operations and compliance with laws and regulations, and to foster a sound corporate culture ・Full investigation of investment real estate loans ・Establishment of control frameworks for eliminating antisocial forces and for preventing money laundering and terrorist financing ・Establishment of credit risk management, including lending review and control, and internal audit frameworks ・Termination of transactions with corporate groups under a certain degree of influence from the founding family (family companies) ・Establishment of a framework for appropriately addressing individual borrowers in connection with share-house loans and other investment real estate loans」
The post-administrative-action business improvement plan for preventing recurrence and reforming management includes management responsibility, governance, training, a full investigation, AML and counter-terrorist financing measures, credit risk management and internal audit, termination of transactions with family companies, and borrower support.