Past Events

Robotics Automation Process Series: part 2 Practical uses for Robotics in back office operations, regulatory compliance and finance functions

Digital and automatized labour, brought about by new tools, may have a major impact on the operation of financial services firms. Advances in robotics process automation (RPA) and artificial intelligence are enabling the automation of a wide range of business processes without the need for complex or expensive technology.

In this second presentation within a mini-series on robotics, Subject Matter Advisors from EY Japan will outline some practical applications for robotics for major overseas headquartered Banking and Capital Markets firms in Japan. Topics will include:

· Business Context, Drivers.

· Why is RPA the next big disruptor.

· Local opportunities and challenges

· Banking and Capital Markets specific example use cases

· How to deliver sustainable benefits - Transitioning RPA from tactical to strategic

 

Rody Posthuma  leads the international IT Risk and Assurance  practice in Japan covering Risk Assurance and Risk Transformation services to the Financial Service Industry. Rody is a global IT audit partner in charge of a number of global Financial Services clients and provides IT  Risk Advisory services to  tier 1 Banks and Insurance companies.   Rody has over 23 years of  experience in advising clients in a range of areas such as IT Governance,  IT risk management,  IT regulatory compliance, Project risk management , IT security, Business Continuity, Operational Risk, IT assurance, IT compliance and deployment of Risk Systems.

Gary Stanton has over 30 years of experience in banking and securities and a practitioner and consultant in regulation, sales, trading, customer service and operations. He is responsible for the business development and delivery of projects for major clients of EY Financial Services Advisory Practice in Japan and is a member of the EY Global Financial Services Risk Management Leadership Group.

 

 

The FSA’s Financial Administration Policy; Strategic Directions and Priorities for 2016-17

Ms. Tomoko Amaya , Deputy Director General, Inspection Bureau, Financial Services Agency

IBA Japan welcomes Ms. Tomoko Amaya  from the Japanese Financial Services Agency, to give an overview of the FSA’s 2016-17 Financial Administration Policy.

Ms. Amaya, Deputy Director General at the FSA’s Inspection Bureau,  will give an over view of the 2016 Financial Administration report including  pulling out some of the features particularly relevant to foreign banks. She will include:

· The FSA's approach to regulation and its expectations of regulated firms including foreign institutions

· The  FSA's own internal organisation and how it will meet its objectives

· Thematic priorities

· Impact of changing composition of household assets

· The impact of IT innovation

· FSA's views on global regulatory developments

 

 

Global economic outlook Views on Japan and global developments Dec 2016

Dr. Paul Sheard, Executive Vice President and Chief Economist, S&P Global

We are pleased to welcome again S&P’s chief global economist, Dr. Paul Sheard, a noted and well-respected economist and Japan watcher now based in New York. He will give a wide-ranging presentation on the economic outlook for Japan and globally commenting on the following themes:

· Outlook for the US economy in the aftermath of the presidential election.

· Views on interest rates increases in the US.

· Impact of the Brexit referendum on the global economy.

· The new Bank of Japan policy course.

· Considerations of the effectiveness of negative interest rates in Japan and Europe

Paul Sheard is Executive Vice President and Chief Economist of S&P Global. He spearheads the company’s economic and market thought-leadership and engages with a broad range of market participants and external stakeholders. Teams led by Dr. Sheard provide the macroeconomic forecasts and macro-credit views used by S&P Global’s analysts during the ratings process, conduct fixed income research, and foster cross-divisional research collaboration. Dr. Sheard chairs S&P Global’s Academic Council and he helps to oversee the S&P Global Institute. He is also a member of S&P Global Ratings’ Executive Committee.

Previously, Dr. Sheard held chief economist positions at Nomura Securities and at Lehman Brothers and earlier he had been Head of Japan Equity Investments and Japan Strategist at Baring Asset Management in Tokyo.

Dr. Sheard speaks regularly at major conferences around the world and his views are frequently quoted in the international media. He was a member of the World Economic Forum Global Agenda Council on the International Monetary System in 2010-12 and is a member of the Bretton Woods Committee and of the Economic Club of New York. 

Earlier in his career, Dr. Sheard was on the faculty at the Australian National University (ANU) and at Osaka University, and was a visiting researcher at Stanford University and at the Bank of Japan. Author or editor of several books and numerous articles on the Japanese economy, Dr. Sheard won the SuntoryGakugei Prize in the Economics–Politics Division for his book, The Crisis of Main Bank Capitalism. 

Dr. Sheard received his bachelor’s degree from Monash University in Australia and a master’s degree in Economics and a Ph.D. from the ANU.

Corporate Governance— best practices and impact on investors

Good corporate governance is seen as a key feature to ensure good outcomes for investors and to galvanise markets.

In Japan, we have seen the launch of the Stewardship Code in 2014 and the Corporate Governance Code in 2015 bringing changes to corporate governance practices.  But what benefits can be realised by these changes  and what are the challenges that need to be faced?

Dan Konigsburg, an expert from Deloitte based in New York will present on some key issues regarding corporate governance both overseas and in Japan.  He will present his views on:

An overview of corporate governance best practices in Japan and overseas. An analysis of how board structures impact shareholders’ return and some key performance indicators. How corporate governance plays a role in subsidiary-HQ relationship management. Corporate governance in the banking sector. The role of investors.

 

Dan Konigsburg  is managing director of corporate governance and public policy for Deloitte Touche Tohmatsu Limited. In addition, Dan leads Deloitte’s Global Center for Corporate Governance, and is based in New York. As leader for Deloitte’s public policy work, Dan oversees teams in Washington, D.C. and Brussels that seek to engage government officials, policy-makers, investors, and non-government organizations on key policy questions affecting our capital markets, economy and society at large. The Global Governance Center promotes dialogue in the critical area of corporate gover­nance through a network of local governance centers across 28 countries. The Global Center coordinates thought leadership on governance issues developed by Deloitte member firms to advance thinking on corporate governance issues around the world.

Prior to joining Deloitte, Dan served as Director of Corporate Governance at Standard & Poor’s in London and then New York. Over a period of eight years at S&P, Dan was responsible for the development and application of services to evaluate the corporate governance practices of rated companies as    well as the integration of governance analytics into credit ratings.

Dan serves as Chairman of the OECD’s Business Advisory (BIAC) Task Force on Corporate Governance in Paris, is a member of the International Corporate Governance Network’s (ICGN) Business Ethics Committee, and serves as a director on the board of the National Institutes for the Psychotherapies. Dan holds a B.A. in Russian and East European Studies from Yale University.

The Global and US financial regulatory environment

The global regulatory environment continues to take shape and the preferred outcome would be to balance the need for financial stability with an environment that encourages economic growth.

With many of the key work streams now being finalised, regulators are now considering how the new framework should be implemented across jurisdictions.

Carter Mc Dowell, Managing Director and Legislative Counsel at SIFMA will give a presentation on a number of priority regulatory issues including:

Risk based capital framework: Fundamental Review of the Trading Book, Net Stable Funding Ratio, Leverage ratios. Insight on the priorities of the different US regulatory bodies. Global regulatory trends and priorities.

Carter McDowell  is  Managing Director and Legislative Counsel at the Securities Industry and Financial Markets Association (SIFMA).Before joining SIFMA he was the Chief Legislative Counsel of the American Bankers Association where he was responsible for advising the government relations staff on the legal issues associated with federal legislation impacting the banking and financial services industry. Carter also served as General Counsel of the ABAs international affiliate, the Bankers Association for Finance and Trade.Prior to joining the ABA, he served as the Chief Counsel of the U.S. House Financial Services Committee from 2001 to 2007. Before this, Carter  worked for Banc One Corporation in a number of positions, including as Washington Representative, Chief Compliance Officer for the non-bank subsidiaries and affiliates of the holding company and manager within the legal department. Prior to joining Banc One, he worked in the Financial Services Group of the Goodwin Procter law firm in Boston. Carter holds a BA degree from the University of Texas, a JD from the Herbert School of Law at Louisiana State University and an LLM in Banking Law Studies from the Morin Center at the Boston University School of Law.