The Financial Services Agency plans to issue a business improvement order to Mizuho Financial Group and others on the 26th to clarify management responsibilities over a series of system failures.
At Mizuho, the president of the group and the president of the bank will resign to renew the management system and aim to restore trust.
The Financial Services Agency plans to issue a business improvement order to Mizuho Financial Group and its affiliated Mizuho Bank on the 26th to clarify management responsibilities over a series of system failures.
As a result of the inspection, the Financial Services Agency has severely pointed out that management has downplayed the site and damaged the trust of the payment system, and Mizuho is the fourth to receive a business improvement order over a system failure.
In addition, the Ministry of Finance is planning to order Mizuho to take corrective measures, saying that money laundering = money laundering checks by criminal organizations were insufficient in the event of a system failure related to foreign exchange transactions.
At Mizuho, taking responsibility for this situation, Tatsufumi Sakai, president of the group, and Koji Fujiwara, president of the bank, will resign.
Katsuhiko Kato will be promoted to the new president of the bank, and the nominating committee consisting of outside directors will rush to select the new president of the group, and Mizuho will renovate the management system and restore trust. I will aim for it.