Will 2018 also be the year of fiscal policy?, etc.

Global Risk Watch Vol.35 February 2018

Risk intelligence e-Newsletter provides an overview of various corporate management risks from a global perspective featuring key events that occurred over the past month and need to be carefully examined for risk management purposes. The Center for Risk Management Strategy (CRMS) as part of the global Deloitte Tohmatsu Group provides you with experienced analysis on risk management and financial regulation.

Overview Macroeconomic and Financial Risks

# Will 2018 also be the year of fiscal policy?
Tsuyoshi Oyama, Partner/Head of Center for Risk Management Strategy (CRMS) at Deloitte Touche Tohmatsu LLC/Deloitte Asia Pacific Risk and Capital Management Leader

Some of my readers might be a little confused by this month's title - "Will 2018 also be the year of fiscal policy?" as I had just last month I asked "Will 2018 be the year of monetary policy?" This is not necessarily me changing my mind, but ...

*Please download the full article


(PDF, 194KB)

Overview of Development in Financial Regulations

# Enhanced cryptocurrency regulation
Shiro Katsufuji, Director, Center for Risk Management Strategy at Deloitte Touche Tohmatsu LLC

Call for hightened regulatory framework on cryptocurrency is surfacing on global regulatory roundtable. On February 7, French and German central bank governors and finance ministers sent a letter to the Argentinian finance minister proposing to discuss cryptocurrencies at the upcoming G20 summit in Argentina ...

*Please download the full article


(PDF, 193KB)

Highlight of Indicator for this Month

# Will the Big-Boned Policy point to fiscal reforms?
Toshikazu Kumagai, Manager, Center for Risk Management Strategy at Deloitte Touche Tohmatsu LLC

Although America's budget deficit is drawing attention, we should not forget about Japan's own fiscal woes. In the "Mid-to-Long-Term Economic and Fiscal Policy Calculations" released by the Economic and Fiscal Policy Council of the Japanese Cabinet Office ...

*Please download the full article


(PDF, 430KB)

Seminars, Conferences & Publications


# The Thomson Reuters Japanese Financial Regulatory Summit 2018 (March 7, 2018 | The Grand Hyatt Tokyo) 
Deloitte Touche Tohmatsu LLC will sponsor the Japanese Financial Regulatory Summit 2018 hosted by Thomson Reuters. At the summit, about 400 C-Level executives and senior management gather and discuss challenges in the financial services industry in an increasingly regulated environment. 

This year's theme includes "Basel III, FRTB, and development of practical framework models," "Ongoing implications of MiFID II for Japanese financial institutions," "Preparation for FATF mutual evaluation," "Evolving financial regulation landscape: regtech, fintech, crypto currencies." 



# (Repost) "Deloitte Tohmatsu Financial Business Seminar 2018" (February 1, 2018 | Station Conference, Tokyo) *Only available in Japanese 
Deloitte Touche Tohamatsu LLC hosted the fourth Financial Business Seminar under the theme of "Beyond FinTech: Impact and opportunities the disruptive force brings to the Japanese financial industry." 

From the Center for Risk Management Strategy (CRMS), the following professionals participated in the lecture, "Banking and insurance regulation and risk - New perspectives on risk management brought by regulation." 

Shiro Katsufuji (Director, CRMS) - banking segment 
Shigeyuki Goto (Director, CRMS) - insurance segment 


# Global Financial Regulation in 9 Categories" publication seminar (February 7, 2018 | Tokyo Convention Center) *Only available in Japanese
In celebration for the publication of "Global Financial Regulation in 9 Categories," written and edited by Tsuyoshi Oyama (Partner, Head of CRMS), CRMS hosted a seminar. The themes include "Future of the global financial regulation," "Effective conduct risk management," and "Enhanced market transaction regulation (i.e. MiFID II)." 


# White paper "7 problems in risk management" (February 1, 2018 | published by CRMS, Deloitte Touche Tohmatsu LLC) *Only available in Japanese
CRMS published the paper in order to provide expert insight to Japanese financial institutions to develop risk management strategies. 

It captures following seven challenges for 2018: (1) Business model transformation, (2) Responding to changes in the macro-environment, (3) Basel III Reforms, (4) Post Basel III and Pillar 2, (5) Financial Regulations in the US and EU, (6) Cyber Security and Model/Data governance, and (7) Non-financial risk management.


【Other Activities】

# ”Brexit Impact from a Macroeconomic Perspective ” available online *Only available in Japanese

CRMS provides timely information on the impact and key aspects of Brexit from a macroeconomic perspective on the special website of the Deloitte Tohmatsu Group.

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