Regarding the SMBC Nikko Securities market manipulation incident, the Financial Services Agency ordered the company to suspend operations for three months on the 7th, and requested the company to strengthen its internal control system and clarify management responsibility. I issued an improvement order.
In addition to this incident, it was revealed that SMBC Nikko Securities had shared information on corporate acquisitions etc. in violation of laws and regulations with Sumitomo Mitsui Banking Corporation of the same group. issued an order.
In response to a series of problems, the Financial Services Agency also ordered parent company Sumitomo Mitsui Financial Group to take necessary measures to improve the operations of its subsidiaries.