On-site inspection of the Tokyo Stock Exchange due to system troubles of the Financial Services Agency October 20, 4:29
After the Tokyo Stock Exchange and others submitted a system trouble report to the Financial Services Agency, the Financial Services Agency soon decided to conduct an on-site inspection of the TSE and investigate the internal control system in detail.
On the 1st of this month, due to a system trouble that occurred on the Tokyo Stock Exchange, TSE and others submitted a report last weekend that included the cause and recurrence prevention measures based on a report request order from the Financial Services Agency.
Among them, the FSA needs to investigate the internal management system in detail because it included that the system settings and manuals were inadequate as the cause of the trouble and the backup function did not work properly. After making a decision, we have decided to conduct an on-site inspection soon.
For the first time since the TSE's transactions were systematized in May 1999, the Financial Services Agency takes seriously the situation in which trading of all stocks was suspended all day, and the management system and recurrence prevention measures are taken according to the contents of the report. It is expected that the effectiveness of the system will be checked with priority, and the policy is to consider administrative sanctions with a view to "business improvement orders."
In response to this, TSE and the parent company Japan Exchange Group have decided to clarify their responsibilities, such as the disposition of management.