Japanese financial institution Nomura has announced stricter risk management measures at its subsidiary, Laser Digital, following losses in the cryptocurrency market. Nomura CEO Hiroyuki Moriyuchi stated that the company has strengthened its position management regulations to mitigate losses caused by crypto market volatility and limit unexpected fluctuations in revenue. Nomura, a well-known global investment bank, recently increased its interest in the cryptocurrency sector. Laser Digital, which provides crypto-related services such as digital asset trading and other financial solutions, faced financial setbacks due to the unstable nature of the crypto market, prompting the need for risk management reforms. Given the typically rapid fluctuations in cryptocurrency prices, investors and financial institutions often face significant risks. Nomura aims to reduce the impact of market volatility and ensure financial protection by enforcing stricter position management, which is expected to bring greater stability to its business model. These protective measures may help shield the company from unforeseen losses if further market turbulence occurs and could serve as a model for other financial institutions on effectively managing crypto market risks.
Source: coindesk
