Manage Asia derivative risk locally, says Bank of England

Offshore booking may result in weak regulatory oversight – UK regulator

Paul Fisher Bank of England
Paul Fisher, Bank of England: supports local booking for Asia

Banks in Asia should book and manage transactions closer to home as it leads to better risk management according to Paul Fisher, deputy head of the Prudential Regulation Authority and executive director, supervisory risk and regulatory operations at the Bank of England.

Speaking on a panel discussion at the Thomson Reuters Pan Asian Regulatory Summit in Hong Kong today, Fisher responded to a question about global banks booking all of their Asia risk into their US or EU affiliates and he queried

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here