Reform of the Conduct and Information Management Framework Following Inappropriate Information Sharing
First written in FY2020-Q1. 2 of 5 entries say "Restated". Latest entry: FY2025-H1.
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- FY2025-H1AdvancedAnnual report
「(4) Establishment of a new organization In addition to ensuring the early implementation of measures in the front office and compliance functions, the Global Markets Surveillance Planning Department was established as a new department to take the lead in enhancing the monitoring framework.」
Following violations of laws and regulations concerning government bond futures trading, measures to prevent recurrence were specified, including front-office trading controls, compliance monitoring and supervision, verification by internal audit, establishment of a new organization, and enhanced training. - FY2022-Q3RestatedAnnual report
「• Phase 1: Initial response <Completed> • Phase 2: Review of the prime brokerage risk management framework <Completed> • Phase 3: Review of the wholesale division risk management framework <Completed> • Phase 4: Strengthening global risk governance <Completed>」
Regarding the response to losses incurred by U.S. clients, the 4 phases were completed, and the framework, including the Risk Management Enhancement Steering Committee and the CTO, continues to be maintained. - FY2020-Q3AdvancedAnnual report
「In addition, to instill the concept of “conduct,” on 3 December of the same year we published the “Nomura Group Code of Conduct 2020” as guidelines for officers and employees of the Nomura Group to conduct business with a high level of ethical awareness.」
In addition to the existing initiatives to instill conduct, review the wholesale division’s organizational structure, and strictly manage non-public information, the “Nomura Group Code of Conduct 2020” was published on 3 December 2019. - FY2020-Q2RestatedAnnual report
「Regarding the implementation of the improvement measures, top management will review them directly at the management meeting, discuss their effectiveness, and revise them as appropriate. Reports will also continue to be made regularly to the board of directors.」
Confirmation and review at the management meeting and regular reporting to the board of directors continue with respect to instilling conduct, reviewing the wholesale division’s organizational structure, and strictly managing non-public information. - FY2020-Q1First statedAnnual report
「At a meeting of the board of directors held on 24 May of the same year, before the business improvement order, we reported and approved improvement measures centered on the following 3 points and published an overview: I. Instilling the concept of “conduct,” as society expects of a financial institution, and establishing a framework to maintain and improve discipline independently. II. Reviewing the organizational structure of the equity business within the wholesale division to incorporate incentives that contribute to the development of sound capital markets. III. Establishing a framework for strict management of non-public information that could materially affect investment decisions, in addition to corporate-related information.」
Following the inappropriate handling of information in March 2019 and the Financial Services Agency’s business improvement order, improvement measures were introduced centered on instilling conduct, reviewing the wholesale division’s organizational structure, and strictly managing non-public information. Implementation is to be reviewed by the management meeting, with regular reports to the board of directors.