The Financial Services Agency has notified Mizuho Financial Group and its affiliated Mizuho Bank of the results of inspections for a series of system failures.
It is pointed out that the trust of the Japanese payment system has been damaged, and the policy is to issue a business improvement order soon to clarify the management responsibility.
Regarding Mizuho Bank's system failure, the Financial Services Agency began inspections of Mizuho from March to investigate the cause, but due to a series of troubles during the inspection, it was unusual for about eight months. It was long.
According to the people concerned, the Financial Services Agency notified Mizuho Financial Group and its affiliated Mizuho Bank of the inspection results on the 19th after the inspection.
Among them, he pointed out that the reduction of the number of people involved in the system was one of the causes of the system failure, and the management disregarded the site, and said that it damaged the trust of the Japanese payment system. ..
The Financial Services Agency plans to issue a business improvement order soon to request that management responsibilities be clarified.
Taking this situation seriously, Mizuho has decided to resign when the holding company Tatsufumi Sakai, the president of the group, and Koji Fujiwara, the president of the bank under its umbrella, are ready to prevent recurrence. rice field.
A series of system failures led to the resignation of the head of a major financial group, and Mizuho will be asked whether it can strengthen corporate governance, including system management, and restore trust.