Tatsufumi Sakai, president of Mizuho Financial Group, which is experiencing a series of system failures, has decided to resign in order to clarify its management responsibilities.



In addition, the president of Mizuho Bank, Koji Fujiwara, will be replaced, and the top management of a major financial group will resign.

Mizuho Bank suffered a total of eight system failures from February to September, and the first failure in February made it impossible to remove cash cards and passbooks from ATMs, and in August, the group's trust banks also failed. In total, about 520 stores nationwide were temporarily unable to make transactions such as transfers and deposits at the counter.



Regarding a series of system failures, the Financial Services Agency issued a business improvement order focusing on preventing recurrence in September, and continued to inspect Mizuho to find out the root cause.



According to the people concerned, as a result of the inspection, the Financial Services Agency will notify Mizuho Financial Group and its affiliated Mizuho Bank of the inspection result next week, and then make final adjustments in the direction of issuing a business improvement order requesting clarification of management responsibility. doing.



It was also revealed that in the event of a system failure, remittances were made overseas without observing the procedures stipulated by law.



The Ministry of Finance, which has jurisdiction over the law, has begun an investigation because it was not fully confirmed whether the remittance destination was related to money laundering = so-called money laundering by criminal organizations.



In response to this, Tatsufumi Sakai, president of Mizuho Financial Group, has decided to resign in order to clarify management responsibilities, according to the people concerned.



In addition, the president of Mizuho Bank, Koji Fujiwara, will be replaced, and the top management of a major financial group will resign.

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