Programme

Programme

Risk Japan Virtual: 2021 Programme

09:0009:05

Chairperson’s Opening Remarks | Day 1

09:00 - 09:05

09:0509:30

Keynote Address

09:05 - 09:30

09:3010:00

Risk Management during/after COVID: Where are we and where are we heading?
Panel Discussion

12:00 - 12:01

  • What are the emerging risk drivers 1 year after COVID?
    • Rollback of regulatory or fiscal measures, or monetary policy
    • Interest rate hike and inflation risks
    • Geopolitical issues and international relationships
    • Climate risks
    • Regulatory environments – firewall, fintech, and personal data
  • What risk officers will need to do to address those new risks?
    • Designing stress scenarios
    • Credit and investment risk management strategy
    • Risk intelligence
    • Regulatory affairs and advocacies
  • Stead state after-COVID (will be there at all?)
    • Integrated risk management in post-COVID
    • Continuous efforts to ESG/climate risks
    • Digitalization of risk management
Hiromichi Nishihara

Head of Risk Management

Government Pension Investment Fund

Yuji Yasuda

Executive Officer and Head of Corporate Risk Management Division

Mitsubishi UFJ Financial Group, Inc.

Mr. Yasuda joined Mitsubishi Bank (current MUFG Bank) in April 1993. He has developed his career in Shibuya Branch, Planning Division (Risk Management), Study Exchange Program (Graduate School, University of Tsukuba), Operations Planning Division, Human Resources Division, and the Corporate Risk Management Division (Tokyo, New York), and has been appointed as the Head of Corporate Data Management Division for Mitsubishi UFJ Financial Group and MUFG Bank in December 2017.

In April 2019, he promoted as the Executive Officer and Chief Data Officer (CDO), and has been appointed as the Head of Corporate Risk Management Division since April 2020.

He has established good reputation on identifying issues, and developing / implementing corporate strategies, based on his deep knowledge and experience of data analysis for risk management and regulatory trends.

Mr. Yasuda joined Mitsubishi Bank (current MUFG Bank) in April 1993. He has developed his career in Shibuya Branch, Planning Division (Risk Management), Study Exchange Program (Graduate School, University of Tsukuba), Operations Planning Division, Human Resources Division, and the Corporate Risk Management Division (Tokyo, New York), and has been appointed as the Head of Corporate Data Management Division for Mitsubishi UFJ Financial Group and MUFG Bank in December 2017.

In April 2019, he promoted as the Executive Officer and Chief Data Officer (CDO), and has been appointed as the Head of Corporate Risk Management Division since April 2020.

He has established good reputation on identifying issues, and developing / implementing corporate strategies, based on his deep knowledge and experience of data analysis for risk management and regulatory trends.

1993年4月 三菱銀行(現三菱UFJ銀行)入行。渋谷支店、企画部(リスク管理)、国内留学(筑波大学大学院)、事務企画部、人事部、リスク統括部(東京・NY)を経て、2017年12月より 三菱UFJフィナンシャルグループ及び三菱UFJ銀行 経営情報統括部長。

2019年4月より執行役員ならびにCDO(Chief Data Officer)就任。2020年4月より現職。

リスク管理・規制動向などの知見・データ分析をベースとした課題抽出・戦略立案、及びその戦略の実現に定評あり。

10:0010:30

Basel Updates: Where are we and where do we go from here?

00:00 - 00:01

  • The data challenges associated with Basel IV – granularity and the impact it has on performance
  • Managing risk data aggregation for risk reporting
  • How Japanese Banks and International Banks prepare to face the data challenges of Basel IV  
  • Managing changing Basel IV regulations while ensuring consistent auditability
Gavin Pugh

Head of Risk Solutions, APAC

AxiomSL

Australia-based Gavin Pugh is AxiomSL’s Head of Risk Solutions for Asia Pacific. In this established client-facing role, he is responsible for defining and executing the Risk strategy across all business divisions in Asia. Prior to joining AxiomSL, Gavin held senior roles with Moody’s Corporation in Sydney and Singapore and was instrumental in defining their risk analytics software roadmap in Asia Pacific. Gavin possesses more than 20 years of international financial markets experience, and managing teams in Asia Pacific, Europe and the US, making him uniquely experienced to manage challenging situations across diverse geographies and cultures. Gavin has in conjunction with Singapore Management University (SMU) conducted courses at Alumni events – presenting and conducted writing courses around ‘Storytelling with data’ and ‘Explaining complex risk management issues simply and effectively’. Gavin Pugh is also a member of the Global Association of Risk Professionals (GARP).

10:3011:00

Opportunity to Build Efficiency Around Operations with UMR Phase 5

10:15 - 10:55

  • How to navigate through new legal agreements for IM exchanges
  • The challenges of working with third-parties and complying with UMR
  • Opportunity to build efficiency around collateral management workflows
  • How to manage risks with the new SIMM calibration process
     
Kouhei Iinuma

Section Head, Group Integrated Risk Management Division

Shinsei Bank

I am Section Head of Integrated Risk Management Division in Shinsei Bank. I am managing market risk and quantitative analysis including trading and banking book especially interest rate and FX products. Prior to current position, I was exotic derivative trader and product structurer. I have experienced market for twenty years. I am part-time teacher at Graduate School of Business and Finance, Waseda University.

 

Eduardo Pereira

SIMM Business and Product Manager

Bloomberg L.P.

Eduardo Pereira is the Product Manager for SIMM (Standard Initial Margin Method) at Bloomberg. He manages the SIMM EMEA financial engineering team, and supervises the development of Bloomberg's XVA business in EMEA and APAC. Previously, he was a financial engineer in the product team which developed and launched Bloomberg's collateral management product, BCOL. Pereira joined Bloomberg in London in 2005 and has held several other positions in the firm, including Application Specialist in fixed income derivative instruments and Sales Manager. Eduardo holds a BEng (Honours) degree from Cranfield University in Aero Mechanical Systems Engineering as well as a Master of Science in Mechanical Engineering from The University of Leeds. At postgraduate level, Eduardo obtained qualifications from the London Business School in Corporate Risk Management as well as the London School of Economics where he read Management Accounting.

Seiichi Tanaka

General Manager, Wholesale Operations Planning Office

Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

Seiichi Tanaka is General Manager of Wholesale Operations and Procedures Planning Office, Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

Since 2008, Mr. Tanaka has been actively engaged in a variety of projects related to international financial regulations, including central clearing, trade reporting, margin requirements and benchmark reform.

Mr. Tanaka graduated from the School of Political Science and Economics of Waseda University in Tokyo, Japan, and is a U.S. CPA (Certified Public Accountant).

11:0011:30

Navigating the Challenges of FRTB

10:55 - 11:35

  • What are the implementation challenges for the standardised approach and the internal approach
  • Data, organisation & regulatory issues faced by institutions in Japan and Asia Pacific
  • Solving the technology infrastructure risks and creating a resilient model
  • FRTB vs. other regulatory initiatives (UMR, CVA capital, LIBOR reform…) : opportunities and threats
Remi Quillien

Head of Risk Management, Japan

Murex

11:3012:00

Collaborating Together to Build an ESG Driven Market

11:35 - 12:05

  • How Japan has responded to the environmental concerns and obliging to TCFD reporting
  • Monitoring supply chain for businesses to advocate for sustainability
  • What products are available and how to support the ESG investments
  • New technologies that are being utilized within ESG
     
Shuichi Hayashida

Head of Japan & Vice Head of Southeast Asia

World Bank Group, MIGA

Shuichi Hayashida is Head of Japan and Head of Southeast Asia for the Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group.

Hayashida works out of Tokyo office to further the World Bank Group’s mission of ending extreme poverty and boosting shared prosperity through collaboration with Japanese investors and their partners. To that end, MIGA supports investments in regions where capital is most scarce. MIGA is now the leading political risk insurance provider in fragile and conflict affected countries.

Previously he worked for MUFG Bank (formerly The Bank of Tokyo-Mitsubishi UFJ) out of Singapore, London, Tokyo with focus on project finance transactions in his capacity as both financial advisor and lender covering energy sector globally. He also worked on large scale-acquisitions, merger and divestment projects in Asia.

Hayashida has a Master of Laws from University of London, Master of Science in Finance from the Kelley School of Business, Indiana University. He is also a US-certified CPA and a Japanese CMA (chartered member of the Security Analysts Association of Japan).

Takayuki Mamabe

S&P Global Sustainable1, Senior ESG Business Development Manager

S&P Global

Takayuki Mamabe joined S&P Global in 2021 and is responsible for ESG Business Development in Japan and Korea. Prior to joining S&P Global, Takayuki led environmental and sustainability initiatives at Rakuten, Inc. His career experience involves working in environmental and sustainability activities for more than 10 years in various positions, including as a researcher at MUFG Research & Consulting, NGO, etc., and as a member of the Ministry of Agriculture, Forestry and Fisheries, etc., investigation committee on sustainable production and consumption.

Takayuki completed the Graduate School of Frontier Sciences, The University of Tokyo. He is an Invited Researcher of Osaka University Social Solution Initiative (SSI) and holds Professional engineer (Environment and Forest Departments).

12:0012:30

Creating Model Risk Management Frameworks: Preparing for model fallibility

12:05 - 12:45

  • Building model risk management infrastructures to mitigate damage
  • What does a proper model risk governance and model risk validation look like
  • Navigating model risks with a lack of data support
  • Improving model performances using AI and machine learning
     
Susumu Higaki

Director, Head of XVA quant modelling

MUFG Bank

Susumu Higaki is Head of XVA quant modelling at MUFG Bank and managing global XVA quant group including two securities firms in London & Tokyo. Prior to the current role, he worked as rates exotics & credit derivatives quant and was heavily involved in the industry initiative to develop the SIMM for the Uncleared Margin Rule. He has Bachelor’s & Master’s degrees in physics from Kyoto University.

12:3012:30

End of Risk Japan Day 1

12:45 - 12:50

09:0009:30

Approaching Credit Models with Uncertain Factors

09:00 - 09:45

  • The differences between approaching credit risk as a small bank vs large bank
  • How to approach customers unable to repay loans
  • Basel’s impact on building credit models and how to maximize effectiveness
  • How to utilize technology to optimize credit risk models
  • How to adjust for prolonging debt forgiveness but having enough room to invest
Sylvain Forté

CEO

SESAMm

Sylvain is the co-founder and CEO of SESAMm, an innovative fintech company specializing in big data and artificial intelligence for investment.
Its team builds analytics and investment signals by analyzing billions of web articles and messages using natural language processing and machine learning, the core technologies behind SESAMm products TextReveal and SignalReveal.
Holding a double degree in engineering made in France and Germany, Sylvain's passion for artificial intelligence and finance led him to create SESAMm in 2014.
The company has offices in Paris, New York, Tokyo, and Tunis and works with major hedge funds, banks, and asset management clients around the world for both fundamental and quantitative use cases.

09:3010:00

UMR Phase 5 – What’s next?
Panel Discussion

12:00 - 12:01

  • Beyond UMR compliance, what can be done to optimize the new Initial Margin requirements?
  • What is the best way to manage the UMR Threshold?
  • UMR simulations to optimize the total IM
  • What-if IM and impact on collateral costs
  • Should firms start preparing for the next wave of UMR compliance in 2022?
Sophie Marnhier-Foy

Director, Product Management – Margin & Risk

Calypso

Sophie Marnhier Foy is the Director of Product Management for Margin and Risk at Calypso Technology. In her role, she designs the Calypso margin solutions to meet the various regulatory margin and clearing requirements. Currently, she is working very closely with Calypso clients implementing ISDA-SIMM to ensure that their compliance with the Uncleared Margin Rules for September 2019 and 2020 will be successful.

Ms. Marnhier-Foy is also in charge of Calypso Risk solutions including the regulatory, CCP, and counterparty risk offerings. Prior to this role, she held the position of Principal Product Manager for Calypso Middle Office solutions.

Before joining Calypso, Ms. Marnhier-Foy worked for Calyon (now Crédit Agricole CIB) in New York and Paris, working on Risk Management and Front Office project management. Prior to Calyon, she worked for PricewaterhouseCoopers (PWC) in Paris as a Bank Auditor.

10:0010:30

Integrating Climate Risk Into Credit Risk Assessment
Presentation

12:00 - 12:01

  • Current and future challenges
  • Assessing Credit Risk and Opportunity in a Changing Climate
Stephen Chen

Associate Director, Senior Credit Product Specialist

S&P Global Market Intelligence

Stephen Chen focuses on providing a comprehensive and customized credit risk management solution for Japanese clients in a various industries ranging from financial institutions to corporations. it includes credit products like quantitative and qualitative analysis tools, rating and credit reports, historical rating and default database that are provided via desktop, feeding, API depending on clients’ needs. Prior to this, Stephen was engaged in corporate financial advice and litigation support in M&A projects at Deloitte Tohmatsu, and was responsible for risk management at Citigroup and Morgan Stanley in Japan. He holds a bachelor's degree from Tsinghua University in China and a master's degree from Tokyo Institute of Technology.

10:3011:10

Hesitancy with LIBOR: Preparation for the transition

09:30 - 10:15

  • What have we learned from the markets response to new alternative rate products
  • New transitional rate and how it will impact the timeline
  • Operational inefficiencies that still plague the banks
  • How to prepare for the potential dangers of the ‘wait and see’ approach from the market 
     
Yutaka Yoshida

Co-General Manager of Risk Management Division

Aozora Bank, Ltd.

Yutaka Yoshida is Joint General Manager of Risk Management Division of AOZORA BANK, LTD. he has been responsible for validation and verification of pricing models of various derivatives(IR,FX,CR,EQ,COM), securitized products(CDO,ABS,CMBS) and establishment of their Market risk measurement systems.

Prior to the current role, he was also engaged in development of Credit and Operational risk measurement models.

Recently, he is working on establishment of Market risk measurement system according to new regulations(IM, CVA/DVA, Libor cession, and FRTB).

He has Bachelor’s and Master’s degrees in Management Engineering from the Tokyo Institute of Technology.

Kouhei Iinuma

Section Head, Group Integrated Risk Management Division

Shinsei Bank

I am Section Head of Integrated Risk Management Division in Shinsei Bank. I am managing market risk and quantitative analysis including trading and banking book especially interest rate and FX products. Prior to current position, I was exotic derivative trader and product structurer. I have experienced market for twenty years. I am part-time teacher at Graduate School of Business and Finance, Waseda University.

 

Shinichiro Itozaki

Senior Manager

MITSUBISHI UFJ MORGAN STANLEY SECURITIES Co. Ltd.

Dr. Shinichiro Itozaki is a Senior Manager of Financial Engineering Division at Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. Dr. Itozaki is responsible for planning and quantitative research of XVA, ISDA SIMM, interest rate benchmark reform, and OTC derivatives market reform in general. Dr. Itozaki received a Ph. D. in Mathematical Sciences from the University of Tokyo.

Miyuki Takemori

Director

Tradeweb Japan KK

Miyuki Takemori is a director at Tradeweb, responsible for managing relationships with the firm’s buy- and sell-side clients, as well as policymakers in Japan. Prior to joining Tradeweb in 2008, Ms. Takemori held various positions in retail, private, and corporate banking.  

Ms. Takemori received a B.A. in Law from Keio University.

Shinichi Yoshiya

Executive Director, Legal & Compliance

Morgan Stanley MUFG 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.

11:1011:40

New purpose and risk appetite of financial institutions

00:00 - 00:01

  • FIs will need to identify new risk appetite so as to address Social issues (as well as Environments and Governance) in addition to the traditional financial (and some non-financial) risk appetite.
  • FIs will need to utilize recent changes (partly from COVID and digitalization) as opportunities and also as risks, which are the agenda for boards/senior management.
  • Financial supervision will need to go beyond the traditional regulation, to the universe where financial services by conventional players and new players (e.g. Fintech companies) are expected to contribute more to well-being of societies

11:4012:10

The Digital Era: How to mitigate risks during the transformation?

09:45 - 10:25

  • What are risk controls that can be placed?
  • The plethora of risks when digitalizing banking
  • Educating employees to be aware of working environments
  • Building efficient systems with the new normal
Seiichi Tanaka

General Manager, Wholesale Operations Planning Office

Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

Seiichi Tanaka is General Manager of Wholesale Operations and Procedures Planning Office, Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

Since 2008, Mr. Tanaka has been actively engaged in a variety of projects related to international financial regulations, including central clearing, trade reporting, margin requirements and benchmark reform.

Mr. Tanaka graduated from the School of Political Science and Economics of Waseda University in Tokyo, Japan, and is a U.S. CPA (Certified Public Accountant).

Kyoko Yamamoto

Vice President, Global Markets Planning Division

MUFG Bank, Ltd.

Kyoko Yamamoto, MUFG Bank, Ltd., Global Markets Planning Division, Vice President

Kyoko Yamamoto is responsible for negotiation of ISDA Master Agreement and CSA and planning related to ISDA Documents, including digitization of executed agreement.  She is also engaged in working group fro IM Phase 5 in Japan. 

Bachelor of Arts in English literature (Keio University)

12:1012:40

The Potential of Cryptocurrency: How to navigate the volatility and unpredictability?

11:30 - 12:00

  • How does the Japanese market view cryptocurrencies?
  • The viability of cryptocurrency as an asset class or currency
  • What are the risks that still exists even with strong regulations from FSA?
  • Are the regulations to constrictive for the growth of cryptocurrency in Japan?
     
Kojiro Shidara

Head of Risk Management

ewarrant Japan Securities

Presently 

eWarrant Japan Securities   Head of risk management   

・Develop crypto currency derivative product and establish risk management structure 

・Manage option trading risk management and encourage tail risk management

・Establish risk appetite framework and introduce new VaR model for option trading

Previously

Gibraltar Life Insurance    managed ALM risk  

PCA Life Insurance  Formulated and implemented investment strategy.

Citigroup   conducted credit risk analysis

12:4012:40

End of Risk Japan Day 2

12:40 - 12:45