131203MSAD_e
25/26 Direction of the Next Medium-Term Management Plan (3) Promotion of ERM
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Let's go on to page 21. The basic strategy of the next medium-term management plan is to pursue forward-looking ERM, striking a balance between risk, return, and capital. As shown in the illustration at left, we will establish a framework based on risk appetite and will make risk-based management judgments, while enhancing risk management. We aim to improve capital efficiency, using risk return indicators such as ROR and VA.
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