“Winners” and “Losers” in the New Trump Presidency

Global Risk Watch Vol.20 November 2016

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

# “Winners” and “Losers” in the New Trump Presidency
Tsuyoshi Oyama, Partner/Head of Center for Risk Management Strategy(CRMS) at Deloitte Touche Tohmatsu LLC/Deloitte Asia Pacific Risk and Capital Management Leader 

While the world has become increasingly accustomed to “unexpected” events, with this month’s event, the “expected world” may itself have started to been seen collapsing.
Mr. Trump’s victory in the U.S. presidential election was astonishing enough to provoke this sense of uncertainty.

*Please see the full article*


(PDF, 281KB)

Overview of Development in Financial Regulations

# Financial Regulation Policy of the Trump Regime
Yuri Nakano, Senior Manager,Center for Risk Management Strategy at Deloitte Touche Tohmatsu LLC

Contrary to the results of prior opinion polls, Mr. Trump was elected the next president of the United States.
After the election, market conditions showed a tendency to betray a lot of expectations, especially the stock price of financial institutions has remained steady.

*Please see the full article*


(PDF, 286KB)

Highlight of Indicator for this Month

# Long-term Interest Rate Control
Toshikazu Kumagai, Senior Staff, Center for Risk Management Strategy at Deloitte Touche Tohmatsu LLC 

On November 17, the Bank of Japan offered to buy bonds at a pre-agreed price, this operation that became the first after it was introduced.
This operation to purchase unlimited bonds with a yield designated by the Bank of Japan (BOJ) in order to control the long-term interest and inflation rates hoping to meet their target level.

*Please see the full article*


(PDF, 449KB)

Seminars, Conference & Publication

【Deloitte Lectures & Conference】

# Deloitte Global Financial Services Industry (GFSI) Asia Pacific Risk and Capital Management Annual Meeting in Mumbai (Will be Held on December 5-6th, 2016 : Mumbai, India)
Deloitte risk and capital management and leaders and risk practitioners (Japan, US, UK, China, Thailand, Singapore, India, Malaysia, Italy) will gather in Mumbai this year. During the course of two days event, Deloitte leaders will discuss strategies for 2017 and hosting event with India base clients to discuss regulatory forecast in 2017, as well as economic impacts from Brexit and US election. 

【Outside Lectures & Conference】

# IIF Asia-Pacific Chief Risk Officer Forum (Held on November 16th, 2016 : Singapore)
This event was attended by CROs from financial institutions in APAC.
Tsuyoshi Oyama (Head of CRMS, Deloitte Asia Pacific Risk and Capital Management Leader) joined this event as a panel speaker to discuss the trend in financial regulations.

#JTB Communication Design “Financial Risk Management Forum 2016 (FRISK)” (Held on November 17th, 2016 : Tokyo)
In this forum, Tsuyoshi Oyama (Head of CRMS, Deloitte Asia Pacific Risk and Capital Management Leader) joined a lecturer titled “The new phase of international financial regulation and its impacts on Japanese financial institutions”. 


【Article Contribution & Other Activities】

# “Enterprise Risk” January Issue : Special Edition “2017 Risk Scenario Forecast” (January, 2017, Deloitte Japan) *Japanese Only
Tsuyoshi Oyama (Head of CRMS, Deloitte Asia Pacific Risk and Capital Management Leader) and Yuji Okumura (Head of Deloitte Tohmatsu Enterprise Risk Research Laboratory) discussed concerns and impacts in the light of Trump presidency.
This edition includes discussion on the risk scenario of the US Presidential election outcome and the effects on Japanese economy and companies.

# Brexit Effect (UK’s exit from EU) (Since July 1st, 2016) *Japanese Only

Center for Risk Management Strategy is publishing the effects and key points of Brexit on Deloitte Japan’s Special Site for Brexit.

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