TOKYO, Feb. 7 -- Financial Services Agency issued the following press release:
The FSA has decided to establish a "Working Group on Improving Internal Audits of Financial Institutions" to discuss issues involved in internal audits with related organizations and external experts.
In September 2024, the FSA published
Hyperlink (https://www.fsa.go.jp/en/news/2024/20241218/ia/20241218.html)
which summarizes the monitoring results of not only large banking groups but also regional financial institutions, large securities companies, and large insurance companies, with the FSA's recognition of issues and expectations.
The report mentions that the FSA will continue to promote the improvement of internal audits by proceeding with in-depth monitor...