Considering disposal with a view to "business improvement order" TSE system trouble October 17, 4:04
On the 1st of this month, due to a system trouble that occurred on the Tokyo Stock Exchange, the Tokyo Stock Exchange and its parent company, Japan Exchange Group, submitted a report to the Financial Services Agency on the night of the 16th, summarizing the causes and measures to prevent recurrence.
After scrutinizing the contents of the report, the Financial Services Agency plans to consider administrative sanctions with a view to "business improvement orders" that demand thorough prevention of recurrence.
In this system trouble, the trading of all stocks was suspended all day for the first time since the transaction was systematized in May 1999.
The backup function did not work properly due to improper settings, and it was not possible to resume trading immediately after the trouble occurred.
According to the people concerned, the Financial Services Agency seems to attach great importance to the fact that the Japan Exchange Group and the TSE did not notice these deficiencies.
In the report submitted on the night of the 16th, in order to prevent recurrence, the entire system has already been inspected, and in the future, certain rules will be established with securities companies in advance so that trading can be resumed promptly even if a problem occurs. It means that it included.
The Financial Services Agency plans to carefully examine the contents of the report and consider administrative sanctions with a view to "business improvement orders" that demand thorough prevention of recurrence.
The Japan Exchange Group and others have decided to clarify their responsibilities based on the results.