Business Continuity Risk Arising from Outsourcing Provider Failure
First written in FY2018. 3 of 4 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2024: 3 of 9 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「When outsourcing various operations, our bank seeks to select service providers appropriately by verifying the appropriateness of outsourcing and confirming the providers’ information management frameworks. However, if a situation arises at a service provider that impedes the performance of critical operations, our bank’s operations may be disrupted, adversely affecting its results and financial condition.」
Continues to assess the selection of outsourced service providers and their information management systems, as well as the risk of business disruption caused by failures at those providers. - FY2022RestatedAnnual report
「When outsourcing various operations, our bank seeks to select service providers appropriately by verifying the appropriateness of outsourcing and confirming the providers’ information management frameworks. However, if a situation arises at a service provider that impedes the performance of critical operations, our bank’s operations may be disrupted, adversely affecting its results and financial condition.」
Continues to assess the selection of outsourced service providers and their information management systems, as well as the risk of business disruption caused by failures at those providers. - FY2019RestatedAnnual report
「When outsourcing various operations, our bank seeks to select service providers appropriately by verifying the appropriateness of outsourcing and confirming the providers’ information management frameworks. However, if a situation arises at a service provider that impedes the performance of critical operations, our bank’s operations may be disrupted, adversely affecting its results and financial condition.」
The risk of business interruption due to failures at service providers continues to be identified, while the selection of service providers and their information management frameworks are reviewed. - FY2018First statedAnnual report
「When outsourcing various operations, our bank seeks to select service providers appropriately by verifying the appropriateness of outsourcing and confirming the providers’ information management frameworks. However, if a situation arises at a service provider that impedes the performance of critical operations, our bank’s operations may be disrupted, adversely affecting its results and financial condition.」
While confirming the selection of service providers and their information management frameworks, the risk of business interruption due to failures at service providers is explicitly identified.