Managing risk globally and regionally – Lewis O'Donald profile
Risks are global but regulators now want insight at a local level. Lewis O'Donald explains how the firm manages its risk on both levels
The good news, according to Lewis O'Donald, is that the European Union is no longer teetering on the edge of collapse. The bad news is that China is instead. Well not quite: the Nomura global chief risk officer is keen to point out that scenario analysis is simply an examination of potential outcomes and this year's worst-case scenario is a China collapse – or slowdown.
"Not that we necessarily think a China slowdown is going to happen: but such a scenario would present a major test of the
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