ts contractual agreements and transactions with Japanese banks. The company’s securities subsidiaries in Japan are also subject to capital adequacy requirements under the FIEA. Regulations in the United States The bank’s New York branch is supervised by the Federal Reserve Bank of New York and the New York Department of Financial Services, but its deposits are not insured (or eligible to be insured) by the Federal Deposit Insurance Corporation (FDIC). The bank’s Los Angeles and San Francisco branches are supervised by the Federal Reserve Bank of San Francisco and the California Department of Business Oversight, but their deposits are not insured (or eligible to be insured) by the FDIC. The bank’s representative office in Houston is subject to regulation and examination by the Texas Department of Banking and the Federal Reserve Bank of Dallas. The bank and SMFG are qualifying foreign banking organizations under the U.S. International Banking Act of 1978 as amended (International Banking Act), and as such are subject to regulation as bank holding companies under the Bank Holding Company Act. Additionally, the bank and SMFG are bank holding companies by virtue of their ownership of Manufacturers Bank. As a result, the Bank, SMFG and their U.S. operations are subject to regulation, supervision and examination by the Federal Reserve Board as their U.S. umbrella supervisor. As a state non-member bank the deposits of which are insured by the FDIC, Manufacturers Bank is subject to regulation, supervision and examination by the FDIC and the California Department of Business Oversight. In the United States, the bank’s U.S.-registered broker-dealer subsidiary, SMBC Nikko Securities America, is regulated by the U.S. Securities and Exchange Commission. In addition, SMBC Nikko Securities America is a member of and regulated by the Financial Industry Regulatory Authority and is regulated by the individual state securities authorities in the states in which it operates.
sumitomo mitsui financial gr
1-2, Marunouchi 1-chome
Phone: 81 3 3282 8111
|No competitor information is available for 8316.|
|View Industry Companies|
|No financial data is available for 8316.|
Sponsored Financial Commentaries
To contact SUMITOMO MITSUI FINANCIAL GR, please visit www.smfg.co.jp. Company data is provided by Capital IQ. Please use this form to report any data issues.