Risk of Losses and Reputational Damage Due to Administrative Errors
First written in FY2018. 3 of 4 entries say "Restated". Latest entry: FY2025.
4 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Our bank thoroughly processes administrative procedures associated with various transactions appropriately and in a timely manner in accordance with rules and other requirements. However, incidents may arise due to human error by our officers and employees or external service providers, resulting in unexpected losses through the loss of financial assets, costs for restoration to the original condition and other measures, and a loss of public confidence.」
The risks of loss of assets, restoration costs and declining confidence due to deficiencies in administrative processing continue to be identified. - FY2022RestatedAnnual report
「Our bank thoroughly processes administrative procedures associated with various transactions appropriately and in a timely manner in accordance with rules and other requirements. However, incidents may arise due to human error by our officers and employees or external service providers, resulting in unexpected losses through the loss of financial assets, costs for restoration to the original condition and other measures, and a loss of public confidence.」
The risks of loss of assets, restoration costs and declining confidence due to deficiencies in administrative processing continue to be identified. - FY2019RestatedAnnual report
「Our bank may suffer unexpected losses if incidents arise because administrative procedures associated with various transactions are not handled appropriately and in a timely manner, resulting in costs for addressing the loss of financial assets, restoration to the original condition and other matters, as well as a loss of public confidence.」
Loss of assets, restoration costs and declining confidence due to deficiencies in administrative processing continue to be disclosed as operational risks. - FY2018First statedAnnual report
「Our bank may suffer unexpected losses if incidents arise because administrative procedures associated with various transactions are not handled appropriately and in a timely manner, resulting in costs for addressing the loss of financial assets, restoration to the original condition and other matters, as well as a loss of public confidence.」
Loss of assets, restoration costs and declining confidence due to deficiencies in administrative processing are identified as separate operational risks.