(Photo: by courtesy of ACRAA)
The Japan Bank for International Cooperation (JBIC) participated in the Systemic Risk Conference Symposium*1 held by the Association of Credit Rating Agencies in Asia (ACRAA), along with other organizations, in Beijing, China, on April 21, 2017. The Symposium was held with the aim to exchange information and views among credit agencies and financial sector players in Asia including Japan on the analyses of systemic risks*2 and the roles the credit agencies can play.
From JBIC, Yo Kikuchi, Director General of Country Credit Department, gave a presentation on the theme of "Implication of Anti-Globalism for Systemic Risks." He explained an analysis of the current state of globalism and the recent trend which may suggest anti-globalism, as well as its implication on the systemic risks.
In October 2016, JBIC commenced the Special Operations, enhancing its risk-taking function for supporting overseas infrastructure projects with a purpose to further promote Japanese companies' participation in infrastructure businesses outside of Japan.
JBIC will continue to actively offer knowledge in order to promote investment of high-quality infrastructure by strengthening its partnerships with credit rating agencies of emerging countries and by contributing to analyses, for instance, of sub-sovereign bodies of emerging countries, through lectures at such international forums.
- *1Please see below link for reference.
- *2The risk of a possible malfunction of the entire financial system triggered by a shock occurring at an individual financial institution or individual market through other financial institutions and markets.