Press Conference by SUZUKI Shunichi, Minister of Finance and Minister of State for Financial Services

(Excerpt)

(Tuesday, February 8, 2022, 8:44 am to 8:50 am)

[Questions and answers:]

Q.

At today's shareholders meeting, Shinsei Bank will appoint seven new directors, including Mr. GOMI Hirofumi, former Commissioner of the Financial Services Agency. I would like to ask you about the stance of the FSA towards the bank, including the relationship with Mr. GOMI.

A.

As you said, an extraordinary general shareholders meeting is scheduled today. The national government is also a shareholder via the Deposit Insurance Corporation of Japan and the Resolution and Collection Corporation, and these two corporations, which are direct shareholders, should appropriately deal with this issue.
In any case, in order for Shinsei Bank to pay back public funds, it is important for the bank to endeavor to increase earnings and enhance its corporate value through fulfilling its financial intermediary functions.
From such perspective, the FSA will follow up on the efforts of Shinsei Bank and its parent company, SBI Holdings, and make appropriate responses.