2015 年 2015 巻 FIN-015 号 p. 04-
The purpose of the discussion is to illustrate the practical image of enhancement of the risk management framework with forward looking risk measurements for asset management companies, not for banks or brokerage firms or life insurance companies. After the GFC (Global Financial Crisis) such as the failure of Long-Term Capital Management (LTCM) taken place in summer of 1998 and Lehman collapsed in 2008, some regulators encouraged the asset management companies to be more focused on forward looking risk measurement tools and how to utilize them for the risk governance in the organization in line with the rules. I would like to draw some risk management practices as the collection of best practices from the booklet "Risk-focused Industry Meeting Series: Asset Management: Looking Forward" edited by Securities and Futures commission of Hong-Kong which pulled individual asset management real-life practices together. I would also try to explore some fields with good potential contributed from quantitative technology and artificial intelligent developments.