What Do China’s Neighbors Think of De-risking?

How important are de-risking and economic diversification for China's Northeast Asian neighbors, and what steps are they taking to that end? This webinar, recorded live on August 22, discusses the de-risking calculus for Japan, South Korea, and Taiwan.

Featuring Christina Lai, an associate research fellow in the Institute of Political Science at Academia Sinica, Taiwan, and an adjunct faculty in Global Security Studies at Johns Hopkins University; Kazuto Suzuki, professor of Science and Technology Policy at the Graduate School of Public Policy at the University of Tokyo, Japan, and director of Economic Security at the Institute of Geoeconomics; and Wonho Yeon, a research fellow and head of the Economic Security Team at the Korea Institute for International Economic Policy (KIEP) and a member of the policy advisory committees for the National Security Office (Office of the President) and the Ministry of Foreign Affairs.

The US Department of State defines “de-risking”: De-risking refers to the phenomenon of financial institutions terminating or restricting business relationships with clients or categories of clients to avoid, rather than manage, risk. The State Department's Office of Global Sanctions and Threat Finance within the Bureau of Economic and Business Affairs (EB/TFS/GST) monitors reports of de-risking and its drivers, including reports related to the termination of correspondent banking relationships and the closure of accounts of humanitarian assistance groups, money service businesses, and foreign missions in the United States among others. We seek to promote financial inclusion and transparency while ensuring that the U.S. financial system is protected from money laundering and terrorism finance.

Learn more about “de-risking” here on The Diplomat.