JAPAN FSA ORDERS MIZUHO BANK TO SUBMIT PREVENTIVE MEASURES FOR SYSTEM FAILURE

Highlights –

• Japan FSA orders Mizuho Bank to submit preventive measures for system failure.
• Last weekend Mizuho Bank had a major system failure at their ATMs around the country.
• The problem resulted in over 4,300 ATMs failing to function.
• Around 5,244 bank cards and account booklets stuck inside the machines.

Japan’s Financial Services Agency on W....