May.26.2008

Japanese Bankers Association

JBA Agreement Concerning Prevention of Insider Trading

As cases of insider trading are increasingly being reported, JBA agreed to the following measures to prevent insider trading (illicit use of material customer information for securities transactions) from occurring.

  1. Each bank shall confirm as needed that its compliance functions are properly working to prevent insider trading.

  2. Each bank shall implement appropriate measures to enhance the ethical standards of executives and staff to prevent insider trading.