A local approach to risk management in Asia – Allen Kuo profile
Successful risk management in Asia’s booming asset management sector means thinking locally, says the chief risk officer of ING Investment Management Asia Pacific, Allen Kuo
Mainstream risk metrics don’t always work in Asia, according to Allen Kuo, chief risk officer at Hong Kong-based ING Investment Management Asia Pacific. Take value-at-risk, a mainstay of global bank and insurer balance sheets – but it runs into problems when assessing the exposure of local denominated debt portfolios.
“We can run VAR models with reasonable back-test results for our hard currency Asian debt and local currency government debt portfolios. But we have yet to get VAR back-test results
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