Past Events

The BOJ and central banks’ views on the impact FinTech may have on financial markets

Mr. Shuji Kobayakawa, Associate Director General, Bank of Japan

In February 2016, the Financial Stability Board added Fintech to its list of priorities. The FSB is currently examining whether the growing FinTech sector presents any risk to the financial system. They want to assess if the international regulatory frameworks are able to manage systemic risks that may arise from this type of technological change.

In this third seminar in our series on Fintech,  Mr. Shuji Kobayakawa will present views from the BOJ and central banks on the possible impact Fintech may have and areas of opportunities and challenges. His presentation will include:

· Recent trends in FinTech: unbundling and rebundling.

· Common interests in central banking: digital currencies and blockchain.

· Opportunities and challenges from central bank’s perspectives.

 

 

Global economic outlook: Views on Japan and global developments

Dr. Paul Sheard, Chief Global Economist, Standard & Poor’s

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 and the Fed.

· China’s triple balancing act.

· Abenomics and the impact of negative interest rates

· Outcome of the  Brexit referendum and possible implications for the UK and EU.

· What to make of the upcoming US presidential elections.

· Have central banks exhausted their ammunition or could helicopter money be on the way?

 

Fundamental review of trading book and Banking Book Interest rates: Key requirements and impact on financial institutions

Mr. James Lam, Managing Consultant, Financial Risk Management

Mr. Nicolas Tollie, Japan Representative

Sia Partners KK

The financial crisis in 2008 exposed a number of weaknesses in the global financial system.  Many new regulations have been introduced to address these weaknesses and the Fundamental Review of Trading Book (FRTB) and Interest Rate Risk in the Banking Book (IRRBB) are major new parts of the regulatory infrastructure that are being finalized and published in 2016.

In the FRTB, the Basel Committee on Banking Supervision (BCBS) sets out the revised standards for minimum capital requirements for market risk.

And in the IRRBB,  BCBS sets out its expectations for banks in their identification, measurement, monitoring and control of the interest rate risk in their banking book; it also sets out an  approach to supervision.

FRTB is a complex framework and will have a substantial impact on the financial institutions’ (FIs) trading book. The IRRBB will likewise have a major impact on the banking book.   These regulations will change the way that FIs  in the future will carry out their business and manage their risks. They will  require FIs to set aside significantly larger amounts of capital and to commit significant amount of resources to meet the tight implementation timeline; this will be challenging to firms and its introduction raises a number of risks.    

Two experts from Sia Partners Tokyo office, will give an overview of the  key requirements of FRTB and IRRBB.  The event will also give a brief overview of other key regulatory changes that will affect FIs in Japan.

 

 

Pages