A question of trust at State Street Trust and Banking


The firm is also said by the FSA not to have had proper compliance and governance systems – which it must now institute.

The regulator also accuses the bank of not returning customer funds "as a result of many years of lax administration and operations", and other violations. The full administrative action can be found at www.fsa.go.jp/news/newse/e20060127-5.html.

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