SMBC Group's Financial and Credit Portfolio
Rebuild corporate governance and compliance
Measures to prevent recurrence have been confirmed effective through internal audits and by external lawyers.
Continue implementation and penetration of these measures under top management's leadership.
Nov. 22 Filing of improvement plans
Formulate a framework for preventing recurrence
1 Business management
<SMBC Nikko >
Strengthen supervision of
management execution
Compliance training for directors
Resource allocation
Enhance First Line and
Market
manipulation
Second Line
Products & Services Council
<SMFG>
As of Nov. 23
Implement
2 Internal management
Three Lines management
Develop target operating model
• Enhance Compliance division
Unfair Trade Prevention
Subcommittee
Penetrate
3 Healthy organizational culture
New corporate philosophy
Continue management philosophy
meetings
Town hall meetings
"A day to learn from
incidents"
Firewall
regulation
violation
Enhance involvement to SMBC
Nikko's executive appointment and
resource alloacation
4 Business management
5
Compliance training for directors
Strengthen Compliance Dept.
Established Group Business
Management Office
Information management
Thorough implementation of
information management rules
Continued post-monitoring
CEO message
6 Awareness of compliance
Study sessions at each branch
Enhance training opportunities
Verify effectiveness through internal audits and by external lawyers
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