BANK OF JAPAN BRIEFING
| Date: |
Friday, September 9, 2005 |
| Time: |
2:00 to 3:30 P.M. |
| Venue: |
Bank of Japan Main Building, 9th floor, Large Conference Room |
ENHANCING THE RISK CONTROL AND BUSINESS MANAGEMENT
of FINANCIAL INSTITUTIONS
Guest Speaker: Mr. Tsuyoshi Oyama, Deputy Director General, Financial Systems and Bank Examination, Bank of Japan (BOJ)
This presentation was conducted in English.
Within the BOJ's new Financial Systems and Bank Examination Department, the Center for Advanced Financial Technology (CAFT) was established on July 8th. The main role of this new unit is to support financial institutions in enhancing their risk control and business management through holding various seminars and publishing papers on risk management methods. The new Financial Systems and Bank Examination Department was established after integrating the former Financial Systems Department and Bank Examination with the Surveillance Department and this new unit is in charge of affairs on the maintaining of sound and efficient financial system.
Representatives of IBA member institutions attended the first seminar (to be offered in English) of a planned series of upcoming CAFT sessions, which introduced and reviewed advanced methods and sound practices of risk management for financial institutions. In addition, Mr. Oyama explained BOJ's views about the importance of upgrading risk management and moving forward aims to promote meaningful dialogue between BOJ and financial institutions.
Based on three papers published by BOJ on July 28th, the BOJ presenter set out to plainly explain to senior managers from financial institutions the issues of credit risk management, operational risk management and integrated risk management. The Japanese version can be downloaded from the BOJ web site at http://www.boj.or.jp/set/05/set_f.htm. An English version has been published at http://www.boj.or.jp/en/set/05/fsk0508a_f.htm.
Mr. Tsuyoshi Oyama entered the Bank of Japan in April 1985. In 1990, he served as an Economist at the Financial and Payment System Department of the Bank of Japan. He was appointed as an Economist of the Policy Development and Review Department at the International Monetary Fund in 1994. In June 2000, he was assigned as the Deputy Director of the Risk Assessment Group of the Bank Examination and Surveillance Department at the Bank of Japan. In his current position, Mr. Oyama serves as the Deputy Director-General and Head of Risk Assessment of the Financial Systems and Bank Examination Department at the Bank of Japan. His educational credentials include a B.A. in Economics from Hitotsubashi University and an M.A. in Finance from George Washington University.