2024 Agenda

2024 Agenda

Risk Live Japan 2024 agenda

June 25, 2024 | Risk and trading
Times are in JST

09:0009:10

Chairperson’s opening remarks

09:00 - 09:10

Shinichi Yoshiya

Executive director and head of regulatory affairs, Japan and Asia Pacific

Mitsubishi UFJ Morgan Stanley Securities

Shinichi Yoshiya is an Executive Director in the Legal Division of Morgan Stanley. Mr. Yoshiya covers a broad range of complex cross-border financial regulatory matters and transactions for Morgan Stanley’s Japan and Asia Pacific region including OTC derivatives regulations of Japan, U.S. and EU, the Volcker Rule, Resolution Stay, MiFID2, Brexit, LIBOR and Basel 3 capital rules. Prior to joining Morgan Stanley, Mr. Yoshiya was an attorney at Davis Polk & Wardwell LLP advising on financial regulatory matters. Mr. Yoshiya has held academic appointments at Duke University Law School as Visiting Professor and currently teaches global financial regulations at Meiji University Law School. Duke University, Law School (LL.M.), Aoyama Gakuin University, Business School (M.B.A.), Sophia University (LL.B.). Mr. Yoshiya is admitted to the bar of the state of New York.

09:1009:30

Keynote address
Presentation

09:10 - 09:30

Rena Nagayama

Director of the international affairs office

Financial Services Agency, Japan

Rena Nagayama is the Director of the Office of International Affairs at the FSA, responsible for international negotiation and coordination on financial regulation and supervision. She joined the FSA in 2003, and has engaged in various policy areas, including banking supervision, financial market regulation planning, and taxation policy, such as that concerning NISA. She was also seconded to the Ministry of Finance and Permanent Delegation of Japan to the OECD. She received a bachelor’s degree in law at the University of Tokyo, and an LL.M. at Georgetown University Law Center.

09:3010:00

A chief risk officer's perspective: macroeconomic drivers for change in risk management
Keynote panel

09:30 - 10:00

  • The implications of global geopolitical tensions on Japanese firms
  • International investment and the future of Japan as an asset nation
  • Placing priorities with continually changing risks and new factors
  • Building greater partnerships across Japan to stay ahead of risks
Takayuki Sakurai

Managing director and head of corporate risk management division

Mitsubishi UFJ Financial Group Holdings

10:0010:30

Responsible use of artificial intelligence (AI) in risk management
Presentation

13:00 - 14:00

Terisa Roberts

Global solution lead, risk modelling and decisioning

SAS

Terisa Roberts is the global solution lead for risk modelling and decisioning at SAS, and has two decades of experience in quantitative risk management and advanced analytics. She has helped companies in financial services, telecommunications, government, energy and retail derive business value and make better decisions using risk analytics. Roberts has experience in regulatory compliance, IFRS 9, BCBS 239, model risk management and enterprise stress-testing. She advises banks and regulators on industry best practices in artificial intelligence (AI), automation and digitalisation related to risk modelling and decisioning, and in the responsible use of AI and machine learning. Roberts regularly speaks at international risk conferences on innovation in risk management.

10:3011:00

Networking break

10:40 - 11:10

11:0011:25

The future of stablecoin and digital securities in Japan
Panel discussion

11:00 - 11:30

  • The general sentiment towards cryptocurrencies for traders 
  • The implications of developments with the Osaka Digital Exchange 
  • Opportunities and challenges of central bank digital currency developments in Japan 
  • Developments in digital securities and stablecoin settlements 

11:2511:55

Clearing and collateral management: new considerations for Japan
Panel discussion

11:00 - 11:30

  • Navigating risks around counterparty relationships and liquidity 
  • Evaluating developments in clearing solutions for the long term for various products 
  • Optimising collateral amid current market conditions  
  • New opportunities of the current regulatory environment 
Shinichi Yoshiya

Executive director and head of regulatory affairs, Japan and Asia Pacific

Mitsubishi UFJ Morgan Stanley Securities

Shinichi Yoshiya is an Executive Director in the Legal Division of Morgan Stanley. Mr. Yoshiya covers a broad range of complex cross-border financial regulatory matters and transactions for Morgan Stanley’s Japan and Asia Pacific region including OTC derivatives regulations of Japan, U.S. and EU, the Volcker Rule, Resolution Stay, MiFID2, Brexit, LIBOR and Basel 3 capital rules. Prior to joining Morgan Stanley, Mr. Yoshiya was an attorney at Davis Polk & Wardwell LLP advising on financial regulatory matters. Mr. Yoshiya has held academic appointments at Duke University Law School as Visiting Professor and currently teaches global financial regulations at Meiji University Law School. Duke University, Law School (LL.M.), Aoyama Gakuin University, Business School (M.B.A.), Sophia University (LL.B.). Mr. Yoshiya is admitted to the bar of the state of New York.

Shinichiro Itozaki

Deputy chief manager, global markets engineering office, global markets planning division

Mitsubishi UFJ Morgan Stanley Securities

Dr. Shinichiro Itozaki is a Deputy Chief Manager of Global Markets Engineering Office at Mitsubishi UFJ Morgan Stanley Securities, serving as the Japan Head of XVA Quant Team at MUFG. Dr. Itozaki has been working on policy issues, and developing industry standards, for the OTC derivatives market, covering prudential regulations, Basel rules, central clearing, uncleared margin, ISDA SIMM, interest rate benchmark reform, model risk, climate risk, carbon credit derivatives, crypo derivatives and derivatives legal documentation. Dr. Itozaki chairs the Discussion Group on Interest Rate Benchmark Transition convened by Japan Securities Dealers Association (JSDA), and represents MUFG in the ISDA Interest Rates Steering Committee and ISDA SIMM Governance Executive Committee. Dr. Itozaki received a Ph. D. in Mathematical Sciences from the University of Tokyo.

11:5012:20

A regulatory outlook: intermediation, consumer protection and market integrity in Japan
Panel discussion

10:00 - 10:30

  • Responding to regulators rising the bar for fiduciary responsibility 
  • How the current market environment has impacted risk managers and traders 
  • Navigating challenges and opportunities in the current regulatory environment  
  • Cultivating transparency in investment decisions to drive corporate and national welfare 

12:2013:20

Lunch

12:30 - 13:30

This stage will focus on the key areas of risk in Japan, including ESG, cyber risk, climate risk and artificial intelligence.

13:3013:35

Chairperson’s opening remarks

13:30 - 13:35

Shinichi Yoshiya

Executive director and head of regulatory affairs, Japan and Asia Pacific

Mitsubishi UFJ Morgan Stanley Securities

Shinichi Yoshiya is an Executive Director in the Legal Division of Morgan Stanley. Mr. Yoshiya covers a broad range of complex cross-border financial regulatory matters and transactions for Morgan Stanley’s Japan and Asia Pacific region including OTC derivatives regulations of Japan, U.S. and EU, the Volcker Rule, Resolution Stay, MiFID2, Brexit, LIBOR and Basel 3 capital rules. Prior to joining Morgan Stanley, Mr. Yoshiya was an attorney at Davis Polk & Wardwell LLP advising on financial regulatory matters. Mr. Yoshiya has held academic appointments at Duke University Law School as Visiting Professor and currently teaches global financial regulations at Meiji University Law School. Duke University, Law School (LL.M.), Aoyama Gakuin University, Business School (M.B.A.), Sophia University (LL.B.). Mr. Yoshiya is admitted to the bar of the state of New York.

13:3514:05

ESG focus for Japan: what needs to be on your radar
Presentation

14:00 - 14:30

  • Current drivers of environmental, social and governance (ESG) risk 
  • Challenges in addressing ESG risk 
  • How International Sustainability Standards Board standards are impacting the perception of ESG in Japan 
  • How to quantify ESG within your financial institution
Motoko Kuze

Chief sustainable banking officer, sustainable strategy office

Societe Generale

Motoko started her career in 2001 at Mizuho bank Paris branch before joining Societe Generale Group in 2006, where she served for 10 years in Paris and Tokyo to develop the Group’s business with Japanese Financial Institutions.


In 2016, she joined HSBC Asset Management as Fund Manager and contributed to the growth of ESG investment in Japan as Senior Market Specialist. Most recently, Motoko was with RepRisk Japan Limited, established by the world’s largest ESG technology firm RepRisk AG in 2022, as General Manager to support the acceleration of green finance in Japan by best-in-class ESG risk data.

Shinichi Yoshiya

Executive director and head of regulatory affairs, Japan and Asia Pacific

Mitsubishi UFJ Morgan Stanley Securities

Shinichi Yoshiya is an Executive Director in the Legal Division of Morgan Stanley. Mr. Yoshiya covers a broad range of complex cross-border financial regulatory matters and transactions for Morgan Stanley’s Japan and Asia Pacific region including OTC derivatives regulations of Japan, U.S. and EU, the Volcker Rule, Resolution Stay, MiFID2, Brexit, LIBOR and Basel 3 capital rules. Prior to joining Morgan Stanley, Mr. Yoshiya was an attorney at Davis Polk & Wardwell LLP advising on financial regulatory matters. Mr. Yoshiya has held academic appointments at Duke University Law School as Visiting Professor and currently teaches global financial regulations at Meiji University Law School. Duke University, Law School (LL.M.), Aoyama Gakuin University, Business School (M.B.A.), Sophia University (LL.B.). Mr. Yoshiya is admitted to the bar of the state of New York.

Jason Mortimer

Head of sustainable investment (fixed income)

Nomura Asset Management

Jason Mortimer is Head of Sustainable Investment – Fixed Income and Senior Portfolio Manager at Nomura Asset Management in Tokyo. In this role, Jason is focused on fixed income ESG-integration and sustainable investing in fixed income and credit, as well as Green, Social, Sustainability Bonds and other mainstream impact investment strategies.

Before joining Nomura in August 2017, Jason was a portfolio manager at First State Investments in London responsible for emerging Asia local rates and currencies and USD sovereign debt markets. Prior to that, Jason was Vice President of EM Asia local currency rates and derivatives strategy at JPMorgan where he worked for four years in Hong Kong and Singapore.  In this role Jason was responsible for Emerging Asia duration strategy for the firms Government Bond-Emerging Market (GBI-EM) index series, as well as Asia cash bond, interest rates and derivatives market research. Jason started his career at Bank of America Merrill Lynch in Tokyo where he worked as a sales and trading associate on the Japanese yen rate swap and options desk.

Jason holds a Bachelor of Science in Business Administration (BSBA) from the University of North Carolina at Chapel Hill, and speaks Japanese with JLPT Level 1 certification.

14:0514:35

New horizons in fraud and anti-money laundering
Panel discussion

13:35 - 14:00

  • The relationship between third-party risk management and operational risk 
  • Recent developments in cyber risk and how markets need to respond 
  • The new realm of financial technology 
  • Implications of the increase in stringent regulations on data privacy   
Maiko Himori

Portfolio manager

Alternative Investment Capital Limited

14:3515:05

Managing balance sheet risk and a shifting market
Fireside chat

14:35 - 15:05

  • Key drivers for change in integrated risk frameworks around Asia-Pacific (Apac)
  • Cultivating an integrated data driven approach to risk, compliance and profitability management 
  • Use cases for multi-dimensional profitability and forecasting scenarios 

15:0515:35

Networking break

10:40 - 11:10

15:3516:00

Developments in disclosure reporting and transition planning
Panel discussion

15:05 - 15:35

  • The climate risk management outlook in Japan 
  • Regulatory movements and the applications of Task Force on Climate-Related Financial Disclosures reporting in Apac 
  • How risk managers can utilise data and analytics to take control of the challenges brought about the intensified effects of climate change 
  • Conducting climate stress tests for transition and physical risk
Tomohiro Ishikawa

Managing Director, Head of Government and Regulatory Affairs

MUFG

Masayuki Matsuyama

Senior economist

Development Bank of Japan Inc.

16:0016:30

An outlook on market volatility and interest rate risks
Fireside chat

15:40 - 16:10

  • The current market environment and its implications for risk managers  
  • Risks for emerging asset classes and the impact on portfolios 
  • Implications of higher Japanese government bond yields on allocation strategies 

16:3016:55

Empowering risk management with AI and machine learning (ML)
Panel discussion

15:30 - 16:30

  • Real use cases of AI in risk modelling 
  • Processes AI can optimise 
  • Ethical implications and concerns of AI use 
  • Regulatory rules shaping AI use in the financial industry 
Naosuke Nakamura

Director of risk analytics

Mizuho Securities

16:5517:00

Chairperson’s closing remarks

16:30 - 16:35

Shinichi Yoshiya

Executive director and head of regulatory affairs, Japan and Asia Pacific

Mitsubishi UFJ Morgan Stanley Securities

Shinichi Yoshiya is an Executive Director in the Legal Division of Morgan Stanley. Mr. Yoshiya covers a broad range of complex cross-border financial regulatory matters and transactions for Morgan Stanley’s Japan and Asia Pacific region including OTC derivatives regulations of Japan, U.S. and EU, the Volcker Rule, Resolution Stay, MiFID2, Brexit, LIBOR and Basel 3 capital rules. Prior to joining Morgan Stanley, Mr. Yoshiya was an attorney at Davis Polk & Wardwell LLP advising on financial regulatory matters. Mr. Yoshiya has held academic appointments at Duke University Law School as Visiting Professor and currently teaches global financial regulations at Meiji University Law School. Duke University, Law School (LL.M.), Aoyama Gakuin University, Business School (M.B.A.), Sophia University (LL.B.). Mr. Yoshiya is admitted to the bar of the state of New York.

This stage will focus on cross-asset trading and derivatives topics, including: emerging markets, trading risks, ESG derivatives & artificial intelligence innovation.

13:3013:35

Chairperson’s opening remarks

13:30 - 13:35

Shinichi Yoshiya

Executive director and head of regulatory affairs, Japan and Asia Pacific

Mitsubishi UFJ Morgan Stanley Securities

Shinichi Yoshiya is an Executive Director in the Legal Division of Morgan Stanley. Mr. Yoshiya covers a broad range of complex cross-border financial regulatory matters and transactions for Morgan Stanley’s Japan and Asia Pacific region including OTC derivatives regulations of Japan, U.S. and EU, the Volcker Rule, Resolution Stay, MiFID2, Brexit, LIBOR and Basel 3 capital rules. Prior to joining Morgan Stanley, Mr. Yoshiya was an attorney at Davis Polk & Wardwell LLP advising on financial regulatory matters. Mr. Yoshiya has held academic appointments at Duke University Law School as Visiting Professor and currently teaches global financial regulations at Meiji University Law School. Duke University, Law School (LL.M.), Aoyama Gakuin University, Business School (M.B.A.), Sophia University (LL.B.). Mr. Yoshiya is admitted to the bar of the state of New York.

13:3514:05

Accessing the derivatives markets across Asia
Presentation

13:30 - 14:00

  • Emerging trends in the derivatives market 
  • Current dynamics of emerging market regimes in derivative trading   
  • Diversifying trading portfolios across Apac to generate returns 

14:0514:35

Trading risks and multi-asset trading in Japan
Panel discussion

11:30 - 11:55

  • The latest updates on derivatives trading and pricing, counterparty risk and valuation adjustments 
  • How the market has embraced the secured overnight financing rate 
  • Optimising collateral in current market conditions 
  • Technologies available to address current and future volatility  
  • Modelling and managing risk in trading books  
Hiroyuki Motoyoshi

Vice president, global markets sales and trading division, CPM office

MUFG Bank

Mr. Motoyoshi is responsible for planning and quantitative analysis at XVA desk. He is engaged in implementing XVA reduction framework and FRTB-CVA.
He graduated from the Graduate School of Information Science and Technology of the University of Tokyo, and is a FRM.

14:3515:05

Managing interest rate risk and creating trading opportunities in Japan
Fireside chat

14:35 - 15:05

  • Key considerations for market traders in 2024 and beyond 
  • The impact of three-month Tokyo overnight average rate futures on global investors  
  • Implications of the reintroduction of interest rate desks for Japanese financial institutions 
  • Navigating trading restrictions and regulatory policies 

15:0515:35

Networking break

14:30 - 15:00

15:3516:00

How traders can integrate ESG into portfolios
Panel discussion

15:00 - 15:30

  • The metrics that matter most 
  • How firms view ESG investing versus fiduciary duty 
  • Quantifying the financial impact of climate risk accurately
  • Measuring the impact of a quick transition to a greener economy 
  • The implications of carbon trading on the industry

16:0016:25

Moving towards a more transparent, secure and efficient trade settlement environment in Japan
Panel discussion

16:25 - 16:55

  • Best practices: adoption of foreign exchange settlement mitigation tools  
  • The future of settlement operations in Japan, and whether settlement risk can be mitigated 
  • The implications of a T+1 trading environment for Japan
  • Whether industry collaboration can facilitate transparency in FX settlement

16:3016:55

AI and machine learning (ML) in the trading desk
Panel discussion

14:00 - 14:30

  • Real use cases of AI in derivatives trading 
  • Ethical implications of AI use in trading desk 
  • Regulatory developments shaping AI use in the derivatives market 
  • How AI is enhancing the settlement process 

16:5517:00

Chairperson’s closing remarks

16:30 - 16:35

Shinichi Yoshiya

Executive director and head of regulatory affairs, Japan and Asia Pacific

Mitsubishi UFJ Morgan Stanley Securities

Shinichi Yoshiya is an Executive Director in the Legal Division of Morgan Stanley. Mr. Yoshiya covers a broad range of complex cross-border financial regulatory matters and transactions for Morgan Stanley’s Japan and Asia Pacific region including OTC derivatives regulations of Japan, U.S. and EU, the Volcker Rule, Resolution Stay, MiFID2, Brexit, LIBOR and Basel 3 capital rules. Prior to joining Morgan Stanley, Mr. Yoshiya was an attorney at Davis Polk & Wardwell LLP advising on financial regulatory matters. Mr. Yoshiya has held academic appointments at Duke University Law School as Visiting Professor and currently teaches global financial regulations at Meiji University Law School. Duke University, Law School (LL.M.), Aoyama Gakuin University, Business School (M.B.A.), Sophia University (LL.B.). Mr. Yoshiya is admitted to the bar of the state of New York.