Nomura Holdings (NMR, Financial) has successfully restored business relationships with some of its clients. This development follows the company's efforts to address regulatory concerns related to market manipulation. Sources indicate that major Japanese banks have resumed trading activities with the country's largest securities firm.
Additionally, at least four insurance companies, which had previously suspended stock or bond trading with Nomura, have reengaged with the company. This comes after Nomura provided explanations on the measures implemented to prevent future regulatory violations.
Last month, Nomura detailed several initiatives aimed at resolving issues surrounding market manipulation. These include the company's CEO, Kentaro Okuda, and other senior executives accepting pay cuts to demonstrate accountability. Nomura has also pledged to enhance its compliance framework and internal controls to prevent similar incidents and regain trust.
A representative from Nomura stated that decisions regarding the resumption of relationships were at the discretion of the clients and did not provide any additional comments.
