2020 programme

2020 programme

Risk Japan Virtual: 2021 Programme

**Times are in JST

09:0009:05

Chairperson’s Opening Remarks | Day 1

09:00 - 09:05

09:0509:30

Keynote Address

09:05 - 09:30

Shigeru Ariizumi

Vice Commissioner for International Affairs

Financial Services Agency, Government of Japan

ARIIZUMI Shigeru is Vice Commissioner for International Affairs of the Japan Financial Services Agency (JFSA).

Before assuming his current position in July 2021, he has held various key positions at the JFSA. During Japan’s G20 Presidency in 2019, he served as Deputy Commissioner for International Affairs and led the JFSA team on formulating the agenda and delivering tangible results on financial sector issues. During 2011-2013, he worked as Director of Banks Division I and Director of Securities Division respectively and was the leading official in charge of supervising Japanese megabanks and investment banks as well as foreign financial institutions’ branches and subsidiaries. He has also served as Deputy Director of the Financial Markets Division and has worked on securities regulations and securities markets reform during 2001-2003.

Entering the Japanese Ministry of Finance (JMOF) in 1988, he has also assumed wide range of pivotal positions at JMOF, particularly on international finance. Before assuming his current role at JFSA, he was Senior Deputy Director General at the International Bureau and was the G7 and G20 Finance Deputy’s Deputy, working on pressing global issues, including the global economy, pandemic response and preparedness, debt vulnerabilities and assistance to LICs countries, digital transformation and climate change. He also oversaw development finance policies and MDB issues, being responsible for the World Bank, Asian Development Bank and African Development Bank and played a key role in IDA19 replenishment as Japan’s IDA Deputy during 2019-2020.

He also worked as Director of the Foreign Exchange Markets Division, which is responsible for market intervention and foreign exchange reserve management with over 1 trillion US dollar as its assets.

On fiscal and tax policy issues, he served as Budget Director responsible for the Cabinet, Reconstruction from the Great Earth Quake and Ministry of Foreign Affairs. He was also seconded to the OECD as Senior Advisor on international tax policy issues during 2005-2007.

He holds a Bachelor degree in law from the University of Tokyo and a Master degree from Harvard Law School. He has passed the Bar examination in Japan as well as in the State of New York.

09:3010:00

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

12:00 - 12:01

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。

09:3010:00

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00:00 - 00:01

  • 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
Shiro Katsufuji

Director

Deloitte Touche Tohmatsu LLC

Shiro Katsufuji is Director of Deloitte Touche Tohmatsu LLC, where he is responsible for risk and regulatory advisory since July 2017.His role includes production and delivery of monthly “Stress Intelligence”, advisory for risk appetite framework and for regulatory affairs. Prior to the current position, he was the Deputy General Manager for Corporate Risk Management Division of Mitsubishi UFJ Financial Group from 2011 to 2017. He was responsible for enterprise risk management, the internal capital adequacy process. He also worked on regulatory affairs regarding Basel III reform. He was U.S. Chief Economist of Bank of Tokyo-Mitsubishi UFJ, the role he held from 2005 to 2011 in New York. He also had held senior positions for more than 10 years in the Treasury and Sales & Trading in Bank of Tokyo-Mitsubishi Tokyo and London.

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
Blake Evans-Pritchard

Bureau Chief, Asia

Asia Risk

Blake Evans-Pritchard is bureau chief, Asia, for Risk.net based in Hong Kong. Before taking on his current role, he spent three years covering regulatory issues across Asia for Risk.net, including implementation of Basel III and other international standards in regional jurisdictions. Previously, he spent five years in Brussels writing about the European Union’s financial services sector and competition policy and a number of years as Africa editor for a news service covering post-conflict restitution around the world.

Tomohiro Ishikawa

Managing Director, Head of Government & Regulatory Affairs Office

Mitsubishi UFJ Financial Group

Tomo Ishikawa heads the Government and Regulatory Affairs Office at MUFG. Ishikawa is responsible for orchestrating the group-wide advocacy strategy on financial regulatory policies. He also oversees recovery/resolution planning for the group, and government relations across the regions. Prior to his current role, Ishikawa headed MUFG’s Regulatory Strategy team for the EMEA region, based in London.

Until January 2017, Ishikawa worked as the head of the digital team within the Government & Regulatory Affairs Division at Deutsche Bank AG (based in London), where he led the advocacy engagement on technology & digital related policies.

Prior to joining Deutsche Bank, Ishikawa served as Deputy Director of Prudential Policy Office at Financial Services Agency of Japan (Japan FSA). He chaired the work stream (WS1) under the Working Group on Margin Requirement (WGMR), reporting to the BCBS and the IOSCO board, with the mandate to harmonize the margin rules across the regions.

Ishikawa started his professional career at Merrill Lynch as an investment banker. After 12 years at Merrill Lynch (Tokyo and NY), he moved to RECOF Corporation (an M&A boutique firm in Tokyo), and then to Deutsche Bank (financial institutions coverage based in Tokyo). He has 15 years of experience as an investment banker, prior to becoming a regulatory policy expert.

Tomo graduated from Keio University (Tokyo, Japan) in 1996.  He lived in Toronto, Canada, prior to studying economics at Keio.

Shunsuke Kashiwabara

Executive Director, Group Risk Management Dept.

Nomura

Covers capital and risk related Basel regulations in terms of negotiation with regulatory supervisors and implementation project management (FRTB, CVA, Initial Margin, Large Exposure, Minimum Haircut etc.) Master of Engineering (Tokyo Univ.)

Gavin Pugh

Head of Risk Solutions, APAC

Adenza

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

Challenges related to the Uncleared Margin Rules - Phase 5 and 6 Implementation

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
     
John Feeney

Partner

Martialis Consulting

John Feeney manages Martialis Consulting working on financial markets product and infrastructure. He has been in financial markets for over 30 years in trading and management roles across most asset classes. Mr. Feeney has worked for National Australia Bank, Commonwealth Bank in Sydney, Citibank in Sydney and London and Macquarie Bank in Sydney. Over this time he has traded and managed interest rate derivates, foreign exchange, traded credit, commodities and funding businesses. Most recently, he has been focussing on LIBOR and other IBOR transition issues as well as the broader practice areas of Martialis Consulting.

Recently, Mr. Feeney has been an ISDA Board Member and Vice-Chairman and an AFMA Board member.

Mr. Feeney has a PhD and BSc (Hons) from University of Sydney.

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

Gaël Robert

Head of Global Risk Analytics

Mizuho

I am currently heading the Global Risk Analytics function at Mizuho.


I have started my career at Societe Generale's Economic Research Department focusing on the Eurozone. I have then worked on Counterparty Credit Risk modelling for Societe Generale, Deutsche Bank and Rabobank International in Paris, Tokyo, Hong Kong and London, putting in place centralised Monte Carlo frameworks, developing targeted solutions for wrong-way risk and non-vanilla transactions.


I hold a M.Sc. in Statistics & Economics from ParisTech ENSAE and a Master’s Degree from Sciences-Po Paris. I am a CQF and GARP FRM alumni.

11:3012:00

Collaborating Together to Enhance an ESG Driven Market

11:35 - 12:05

  • What products are available and how to support the ESG investments
  • Investment activities in association with ESG scoring and Climate change data
  • New technologies that are being utilized within ESG
  • Assurance of “Green” ( ESG bond, SIB ) in association with “Green Wash”
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).

Shigehiko Mori

Director

Deloitte Touche Tohmatsu LLC

Shigehiko Mori is a Director of Deloitte Touche Tohmatsu LLC, where he is responsible for risk management advisory since July 2019. His role includes strategic risk advisory with use of stress test model as well as advisory for risk appetite framework. He effectively makes use of knowledge and skills of scenario analysis and stress test at banking industry in climate-related change advisory .

Prior to the current position, he was General Manager of Risk Governance Office and Risk Analysis Office of Mizuho Financial Group from 2017 to 2019. He was responsible for risk appetite framework and stress test as well as market and liquidity risk management in association with FRTB, CVA. He also assumed professional model developer of AMA of operational risk, as introduced on cover page of Risk magazine in September 2010.

In addition he was engaged in financial products promotion in APAC from 2012 to 2016.

Education

Bachelor of Law from Tokyo University

MBA from Oxford University ( Said Business School)

Masters in Finance from London Business School

Writing

“ Non Financial Risk Management” (Institution for Financial Affairs, Inc ) (2020) (Representative writing )

“ Banking Law Journal 21 – Crisis management and Emergency Response “(Economic legal research institute ) (Co-writing )

Yuki Toyoshima

Group Portfolio Risk management

Shinsei Bank

2014年新生銀行に入行。グループポートフォリオリスク管理部のシニアマネージャーとして信用リスク管理業務に従事。バーゼル規制対応、リスクアペタイトフレームワーク、TCFD提言に基づくシナリオ分析等の業務を担当している。また、リスク管理の高度化のために、データサイエンティストとしてビッグデータの分析、モデル開発に従事している。

神戸大学博士号(経済学)を取得。

Yuki Toyoshima joined Shinsei Bank in 2014. He is engaged in credit risk management as a senior manager of the Group Portfolio Risk Management Division. He is responsible for Basel regulatory related tasks, construction of the risk appetite framework, and scenario analysis of TCFD recommendations. He is also involved in big data analysis and model development as a data scientist for the purpose of improving risk management. He holds a Ph.D. in Economics from Kobe University.

12:0012:35

XVA Update in Japan

00:00 - 00:01

  • XVA in mega banks: From CVA/DVA to FVA and more. How was the operation during the COVID-19 market turmoil?
  • Accounting CVA in mid-sized banks: How was CVA calculated in H1 and what are the new challenges?
  • Risk management plan for CVA and FVA
  • Hedging CVA: Mega banks vs. mid-sized banks
Hiroyuki Yoshizawa

Executive Director

IHS Markit

Hiroyuki Yoshizawa is an Executive Director and head of product in IHS Markit Japan GK.

He leads the business development across fixed income pricing, derivative valuation Service, illiquid asset valuation, and financial data solution.

His business offers the solution to risk management, regulatory compliance and accounting correspondence that are facing liquidity data challenge of financial instruments under recent circumstances. He is also involved in many discussions of data approach investment strategy.

Prior to joining IHS Markit, he had been a fixed income trader for more than 25 years in international banks and actively traded various credit, structured, and emerging market products.

Naoki Iida

Vice President

Sumitomo Mitsui Banking Corporation

1998 to 2019 worked at Sumitomo Mitsui Banking Corporation, mainly working for FX, Money, derivatives market .During the years worked at derivatives subsidiary at NY. After Lehman shock, focused to establish CCP workflow, and derivatives regulation framework.

Ph.D. candidate in engineering (Tokyo University)
MBA (Tsukuba University)
BA in Economics  (Hitotsubashi University)

Naoki Kasai

General Manager, Global Markets Credit Management Department

Mizuho Bank

Naoki Kasai is the General Manager of Global Markets Credit Department at Mizuho Bank where he is charge of XVA hedge, counter party risk management, collateral management, documentation, client clearing service for CCP and sales & trading for CP and other securities. 

He has spent most of his career in the derivative field.  Prior to this role, from September 2009 to March 2017, he was responsible for hedging operations for JPY interest rate risks in the bank portfolio.  From December 2005 to September 2009, he was in charge of market risk management in Mizuho Capital Markets (UK), Ltd.  From March 2004 to December 2005, he was responsible for market risk management in Mizuho Capital Markets Corporation, Ltd.  From May 1996 to March 2004, he was a trader for interest and currency derivatives for Mizuho Corporate Bank, Ltd. and Fuji Bank, Ltd.

Seiji Kurotaki

Chief Manager, Financial Accounting Division

Resona Holdings

  • Seiji Kurotaki is the Chief Manager of Financial Accounting Division at Resona Holdings, Inc.
  • He has been engaged in th e formulation of group financial and capital strategies since 2005.
  • He has successfully led numerous projects, such as Basel capital regulation, market and risk-related regulations, the introduction of new accounting systems.

12:3513:05

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
     
Samir Bashir

Vice President

Union Bank

Samir Bashir is responsible for Global Economic Capital Modeling and Risk Identification at MUFG. Previously, Samir worked at other Canadian FIs developing retail credit risk strategies, and Basel II regulatory and stress testing models.

He has a Bachelors in Computer Science and Masters in Statistics both from University of Toronto.

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.

Yoshihiko Uchida

Project Professor, Graduate School of Arts and Sciences

University of Tokyo

Yoshihiko UCHIDA was formerly a Director in the Bank Supervision Department of the Bank of Japan, a Director in the Institute for Monetary and Economic Studies of the Bank of Japan, and a Director in the Supervisory Bureau of the Financial Services Agency.

For more than 20 years, he has been working on issues related to asset pricing, risk management in banks, and financial market stability. His main areas of research are asset valuation, financial risk management including model risk, financial market structure, and related regulations. Recently, he has been expanding his research area to include the impact of crypto currencies on financial markets.
He holds a Master's degree in Information Engineering from the University of Tokyo, a Master's degree in Mathematics from Columbia University, and a Ph.D. in Economics from Kyoto University.

13:0513:05

End of Risk Japan Day 1

12:45 - 12:50

09:0009:30

Approaching Credit Models with Uncertain Factors

09:00 - 09:45

  • Industry Challenges and Opportunities of AI for credit modelling
  • Natural Language Processing: Why and how to use it for risk modeling and other use cases
  • What can be some hurdles to fully leveraging textual or alternative data? 
  • Data science and NLP for financial use cases: what’s next?
Hideyuki Eda

Deputy Manager

Tokio Marine & Nichido Fire Insurance Co. Ltd

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.

Toranosuke Onishi

Member of Global Fixed Income Investment Group

Tokio Marine & Nichido Fire Insurance Co. Ltd

Toranosuke Onishi is member of Tokio Marine Nichido&Fire Insurance Co. Ltd and works as a data scientist and foreign interest rates analyst. He is one of the persons in charge of collaboration project with SESAMm.

He holds a Bachelor degree in Economics from the University of Tokyo (graduated in 2020).

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?
Tara Kruse

Global Head of Infrastructure, Data and Non-Cleared Margin

INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION, INC. (ISDA)

Tara Kruse is the Global Head of Infrastructure, Data and Non-Cleared Margin at ISDA.  In her role leading ISDA’s Non-Cleared Margin Initiative, Ms. Kruse helps facilitate the implementation of margin rules for non-cleared derivatives across jurisdictions and oversees maintenance of the ISDA Standard Initial Margin Model (ISDA SIMMTM).   She leads ISDA’s Data and Market Infrastructure and Technology teams which are digitizing ISDA’s documentation and developing innovative industry standards, like the ISDA Common Domain Model, to drive efficiency and automation for collateral management, trade reporting and other aspects of the trade lifecycle.

Before joining ISDA, Ms. Kruse was a vice president in the Derivatives Projects Group at Morgan Stanley which was responsible for implementation of global trade repository reporting for credit and equity derivatives and global cross-asset regulatory reference data. Prior to that, Ms. Kruse was head of Americas IRCC Derivative Documentation and the global head of Credit Derivative Documentation Drafting at Morgan Stanley. Prior to Morgan Stanley, Ms. Kruse was the Global Head of Credit Derivatives Documentation at Bear Stearns.

Sophie Marnhier-Foy

Director, Product Management – Margin & Risk

Adenza

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, FRM

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.

10:3011:20

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

Head of Regulatory Affairs for Japan and APAC

Morgan Stanley MUFG Securities

Shinichi Yoshiya is Head of Regulatory Affairs for Japan and APAC 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.

Hiroyuki Yoshizawa

Executive Director

IHS Markit

Hiroyuki Yoshizawa is an Executive Director and head of product in IHS Markit Japan GK.

He leads the business development across fixed income pricing, derivative valuation Service, illiquid asset valuation, and financial data solution.

His business offers the solution to risk management, regulatory compliance and accounting correspondence that are facing liquidity data challenge of financial instruments under recent circumstances. He is also involved in many discussions of data approach investment strategy.

Prior to joining IHS Markit, he had been a fixed income trader for more than 25 years in international banks and actively traded various credit, structured, and emerging market products.

11:2011:50

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
Kiyotaka Sasaki

Senior Advisor

Deloitte Touche LLC

Kiyotaka Sasaki is a Senior Advisor of Deloitte Tohmatsu LLC (Deloitte Japan) from December 2019.

Prior to joining Deloitte Japan, he served as Secretary General, Certified Public Accountants and Auditing Oversight Board (CPAAOB) of Financial Services Agency(FSA) (2011-2015), Secretary General of Securities and Exchange Surveillance Commission (SESC) (2015-2017), Vice Commissioner (COO) of FSA (2017-2018), and Director General, Strategy Development and Management Bureau of FSA (2018-2019).

He has numerous experiences in financial sector supervision and capital market oversight both at policy development and execution level. His professional experiences and expertise cover prudential risk management, compliance/conduct risk management, oversight of misconducts in financial markets, internal and external audit functions, corporate governance, IT governance including current digitalization and cyber security threats.

He also has lots of experiences in international front, including working experiences at the Organization for Economic Cooperation and Development (OECD) (1985-1987 and 1993-1997) and the International Monetary Fund (IMF) (2002-2005).

He holds a bachelor’s degree in law from University of Tokyo.

11:5012:20

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
Yasuhisa Watanabe

Vice President, Chief Financial Officer, Regional Finance Projects Director

RGA Reinsurance Company Japan

Yasuhisa Watanabe is Vice President, Chief Financial Officer (CFO) for RGA Reinsurance Company Japan Branch, where he leads the finance and accounting team. He is responsible for the overall financial management of the Japan Branch, and is also Regional Finance Projects Director for improving business management in the Asian region for RGA. He joined RGA Japan as CFO in 2004 when RGA was granted a full license to operate in Japan.
In addition to these roles, Yasuhisa serves on the Japan Management Board, RGA Japan’s highest decision-making body, and he chairs the Investment, Compliance, and Audit & Risk Management committees.
Prior to joining RGA, Yasuhisa led the finance team for PCA Life and was responsible for enhancing its EV-based financial reporting system. He also worked for Merrill Lynch Japan Securities as Controller, contributing to the industry-first launch of bancassurance by Merrill Lynch International Private Client Group (IPCG), which serves high net worth customers and supports merger and acquisition initiatives for banks in the Core Finance Division.
Yasuhisa received an Executive M.B.A. (EMBA) from the Keio Business School. He is a U.S. Certified Public Accountant (CPA), recognized by the New Jersey Society of CPAs, and is a member of The Japan Committee for Economic Development.

Aya Nishizawa

Senior Solutions Consultant, Asia-Pacific

Galvanize

Galvanizeのカスタマーサクセス部門に所属するシニアソリューションコンサルタント。同社のガバナンス、リスク、コンプライアンス(GRC)フレームワークを基に、クライアント向けソリューションコンサルティングとプロジェクト管理を専門とし、日本およびアジア太平洋地域の顧客に、監査およびGRC管理ソリューションの紹介、プロジェクト管理、実装支援を行う。

 GRCビジネスコンサルティングに10年以上携わり、Galvanizeの前職は、トムソン・ロイターにてGRCコンサルタント、グローバルパートナーディレクターに従事。

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)

12:2012:50

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?
     
Hirotaka Hideshima

Counselor

Norinchukin Bank

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

12:5012:50

End of Risk Japan Day 2

12:40 - 12:45