The course of the American economy, a stock market at odds between confidence and anxiety

Global Risk Watch Vol.43 October 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

# The course of the American economy, a stock market at odds between confidence and anxiety
Tsuyoshi Oyama, Partner/Head of Center for Risk Management Strategy (CRMS) at Deloitte Touche Tohmatsu LLC/Deloitte Asia Pacific Risk and Capital Management Leader

The US economy continues to clip along and long-term interest rates are starting to rise. However even though the labor market continues to tighten, wages that showed signs of picking up have once again cooled. There is also no particular sign that an acceleration of prices is likely to strengthen. In this environment, ...

*Please download the full article


(PDF, 193KB)

Overview of Development in Financial Regulations

# Time to apply a risk appetite framework
Shiro Katsufuji, Director, Center for Risk Management Strategy at Deloitte Touche Tohmatsu LLC

On September 26, the Japanese Financial Services Agency (JFSA) published a document titled “For providing better financial services in the era of transition - Financial Services Policy: Assessments and Strategic Priorities 2018.” This new publication integrates two former reports, “Strategic Directions and Priorities” and “Progress and Assessment of the Strategic Directions and Priorities,” and ...

*Please download the full article


(PDF, 198KB)

Highlight of Indicator for this Month

# The risks that may follow in the wake of the US mid-term elections
Toshikazu Kumagai, Manager, Center for Risk Management Strategy at Deloitte Touche Tohmatsu LLC

The US mid-term elections are right around the corner. At the time of writing (10/12) most media outlets are in consensus that the republicans would keep the senate like the democrats would flip the house. Recent years have been marked by election results that are contrary to their preceding polls. However, ...

*Please download the full article


(PDF, 222KB)

Seminars, Conferences & Publications


# E2018 ISDA Annual Japan Conference (October 26, 2018 | Shangri-La Hotel, Tokyo) 
Shiro Katsufuji (Director, CRMS, Deloitte Touche Tohmatsu LLC) will join a panel “A Cross-border Capital Framework.”
Shigeyuki Goto (Director, CRMS, Deloitte Touche Tohmatsu LLC) was on a panel “Regulatory Reflections on InsurTech.”

Please see here (External link) for details.

# Financial Risk Management Forum 2018, hosted by JTB Communication Design, Inc. (October 31, 2018 | Royal Park Hotel, Tokyo)  
Shiro Katsufuji will present on “Financial Business Strategy and Risk Management.”

Please see here (External link) for details.

#Seminar: Deepening conduct risk management and nurturing risk culture at financial institutions, hosted by Seminar Info, Co., Ltd. (November 29, 2018 | Kudan Plaza Building, Tokyo) 
Shiro Katsufuji will serve as a sole lecturer of the seminar, elaborating on (1) Definition and scope of conduct risk, (2) Japanese Financial Service Agency’s Guidelines on Compliance Risk Management, (3) Developments among overseas and international regulators, (4) Conduct risk management framework.

Please see here (External link) for details.
*Only available in Japanese

【Other Activities】

Deloitte Touche Tohmatsu LLC is a supporting member of the Institute of Financial Risk Management and Audit. CRMS members serve as lecturers at their seminars. 

Please see here (External link) for the seminar details.
*Only available in Japanese

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