Bank of Tokyo Mitsubishi UFJ Limited
Mitsubishi UFJ Financial Group
Mitsubishi UFJ Financial Group
17850000
2017
20170209
financial offences
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The PRA found that BTMU breached Fundamental Rule 6 by falling to organise and control its affairs responsibly and effectively in respect of its handling of information relating to its settlement with the New York Department of Financial Services, which was publicly announced on 18 November 2014 and resulted in a USD 315,000,000 penalty. In particular, BTMU failed to put in place appropriate procedures, policies, systems and controls for the communication of relevant information relating to the matter within BTMU and the Mitsubishi UFJ Financial Group, of which it was a subsidiary.
agency action
UK-PRA
Prudential Regulation Authority
Japan
publicly traded
financial services
banking
XS2132337697
https://www.bankofengland.co.uk/-/media/boe/files/prudential-regulation/enforcement-notice/en090217.pdf?la=en&hash=58442B59B07D7F5FB9A14CCD51224BE338BD0CF5
UK21-52357
MUFG Securities EMEA plc
Mitsubishi UFJ Financial Group
Mitsubishi UFJ Financial Group
8925000
2017
20170209
financial offences
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The PRA found that MUFG Securities breached Fundamental Rule 7 by failing to be open and cooperative with the PRA in respect of the potential implications of a settlement reached by Bank of Tokyo Mitsubishi UFJ Limited with the New York State Department of Financial Services. Bank of Tokyo Mitsubishi UFJ Limited, which like MUFG Securities was a subsidiary of Mitsubishi UFJ Financial Group, was also penalised (see separate entry).
agency action
UK-PRA
Prudential Regulation Authority
Japan
publicly traded
financial services
banking
XS2132337697
https://www.bankofengland.co.uk/-/media/boe/files/prudential-regulation/enforcement-notice/en090217.pdf?la=en&hash=58442B59B07D7F5FB9A14CCD51224BE338BD0CF5
UK21-52358
2