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Japanese Bank Creates New EMEA Compliance Division
Tara Loader Wilkinson
4 July 2012
Sumitomo Mitsui Banking Corporation, Japan's second largest lender, has created a new division to establish better lines of compliance with Europe. As part of its overseas strategic expansion, SMBC is strengthening its business control infrastructure by establishing a new division, the legal and compliance department for Europe. "The establishment of this department will further enhance SMBC's compliance management within the EMEA region," said SMBC in a statement signed by president Takeshi Kunibe. It is not yet clear who will lead the division, or whether new hires will made for it.