Predictions

Government's Governance is Tested in the Emerging Economies

Global Risk Watch Vol.6 September 2015

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

◆Government's Governance is Tested in the Emerging Economies 
Tsuyoshi Oyama, Partner/Head of Center for Risk Management Strategy at Deloitte Touche Tohmatsu LLC

The global market has continued to reacted helplessly to various sluggish economic numbers coming out from China. Of particular concern is a robust sell-off of RMB that had been expected to be only stronger before, thereby forcing authorities to intervene in the forex market to buy up RMB against the US dollar.

Please download from the left to view the full article

(PDF,264KB)

Overview of Development in Financial Regulations

◆Derivative Regulatory Reforms Enter in a New Stage
Koichi Iwai, Senior Manager, Center for Risk Management Strategy at Deloitte Touche Tohmatsu LLC

One of the cornerstones of regulatory reforms after the crisis has been OTC derivative market reform. The reform consists of five major areas — reporting requirement, central clearing, capital requirement, margin requirement, and trading platform framework —, and has been mainly led by global regulatory bodies and US/EU authorities.

Please download from the left to view the full article

(PDF,263KB)

Highlight of Indicator for this Month

◆A Strong Headwind Facing the Emerging Economies
Yasuhiro Sobue, Manager, Center for Risk Management Strategy at Deloitte Touche Tohmatsu LLC 

Emerging countries are facing significant pressures on both the real economy and the financial area as a result of severe cash outflows caused by the rapid deceleration in the Chinese economy as well as the decrease in global stock prices.

Please download from the left to view the graph and commentary

(PDF,269KB)

Overseas Risk Related Topics

◆Global Increase of Muslim Population
Hitoshi Motegi, Director at Deloitte Touche Tohmatsu LLC 

According to the private research agency, Pew Research Center, the global ratio of the Muslim population is 23.2% in 2010, and reached to 29.7% by 2015, which became the religion with the largest population growth. Although the biggest reason for the growth of the Muslim population is that contraception is not accepted in Islam, an increasing number of Christians, mainly in western countries have converted to Muslimism in recent years which has attributed to the growth.

What kind of religion is Islam, please download from the left

(PDF,277KB)

Outside lectures

◆Institute of International Finance Conference ‘Managing Capital and Liquidity Risks’(October 28th, 2015)

IIF will host this year’s conference in collaboration with Deloitte Tohmatsu. Tsuyoshi Oyama (Head of CRMS) is one of main speaker in the ‘Risk Framework and Emerging Stress Testing Practices’ session.

*Please contact us if you are interested to attend this event.

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