Japan May Penalize Credit Suisse Over Information Leak

The Japan securities watchdog has been investigating Credit Suisse since October last year for leaks of information from its research division to salespeople, who then used it to solicit clients. A penalty recommendation could be issued soon, possibly in the form of a business improvement order by the Financial Services Agency (FSA). This situation is reminiscent of a similar incident with Deutsche Bank, which was penalized by the FSA for leaking nonpublic information used by salespeople and investors. Deutsche Bank received a business improvement order to enhance compliance and internal controls.

What has the Japan securities watchdog been investigating regarding Credit Suisse?

How did the leaks of information at Credit Suisse affect its salespeople?

What type of order could the Financial Services Agency issue to Credit Suisse?

What was the consequence faced by Deutsche Bank for similar wrongdoing?

What improvements were required from Deutsche Bank as a result of their incident?