Articles by Viren Vaghela
Standard CSA: the dollar dominance dispute
The dollar dominance dispute
Apra names new division managers
Australian regulator names Keith Chapman and Helen Rowell in senior roles
New standard CSA too dollar-centric, say Asian banks
Banks in Asia-Pacific complain about dollar dominance in new standard CSA – prompting Isda to rethink its plans
Risk.net poll: global Sifi status is desirable, say 31% of respondents
Risk.net poll: global Sifi status is desirable, say 31% of respondents
Korean regulator seeks further crackdown on ELW market
Financial Services Commission considers restrictions on liquidity providers to cool down Korean warrant market
Financial institutions move to address funding squeeze in Asia
Funding dilemmas
Video: New York Fed’s Marc Saidenberg denies US go-slow on Basel II implementation
The US is introducing Basel II at a similar pace to international peers and is also committed to timely implementation of Basel III, according to Marc Saidenberg, senior vice-president of bank supervision at the New York Fed, who warns of the dangers of…
Flowers defends MF Global as a ‘prudently run’ securities firm, despite Chapter 11 filing
JC Flowers head says reliance on short-term funding is a weakness of whole securities industry – not just MF Global. He adds a worsening eurozone crisis could lead to investment opportunities in troubled banks
Video: ING Asia CRO Doug Caldwell on Solvency II and use of liquidity swaps in Asia
Local insurers are still offering products at cheaper prices compared with insurers offering risk-based capital structures compliant with Solvency II, according to Doug Caldwell, chief risk officer for ING Asia-Pacific in Hong Kong. Caldwell also…
Asia Risk Congress 2011: Solvency II hampering European insurers in Asia
Solvency II insurance rules have created an ‘unlevel playing field’ for risk-based capital structures in the Asia-Pacific region, with European insurers uncompetitive in some areas compared with Asian and north American peers
Hong Kong to start OTC derivatives clearing and reporting in January 2013 – HKMA's Lau
Hong Kong will “tentatively” introduce centralised clearing and reporting for OTC derivatives in January 2013, said Edmond Lau, HKMA executive director, at the Isda Asia-Pacific Conference 2011
Video: Japan earthquake highlighted ‘lifeline role’ of banking services
Hiromi Yamaoka from the Bank of Japan, Masao Hasegawa from MUFG, and Takashi Oyama from Norinchukin Bank explain the lessons learned following the Great East Japan Earthquake on March 11. These include the importance of comprehensive business continuity…
Chinese sovereign wealth funds should dump US stocks, report says
Chinese sovereign funds such as Safe Investment Company and CIC should consider dumping and even shorting US retail stocks during US economic downturns, if they want to adopt an integrated asset and liability management process when making investment…
Video: BoJ’s Hiromi Yamaoka on the failure of global rulemakers to learn from Japan’s ‘lost decade’
Experience from Japan’s financial crisis in the 1990s showed the importance of maintaining the core intermediation function of banks by not placing an excessive regulatory burden on them, a lesson that US and European regulators may have failed to grasp,…
State-sponsored money and the new market order
Sovereign wealth of nations
Structured Products Asia 2011: ‘Copy and paste’ KFS not good enough, says SFC’s Law
SFC policy director says some product issuers still provide inadequate key facts statements
Risk Japan 2011: Too-big-to-fail rules should be scrapped in favour of ‘bridge banks’
Japan looked at the need to impose excess capital for systemically important financial institutions in the 1990s and rejected it in favour of ‘bridge banks’ which could inherit losses in the event of a major bank getting into trouble. One university…
Risk Japan 2011: Japan, Europe need to team up to address Dodd-Frank extraterritoriality
Speakers on a panel at Risk Japan 2011 in Tokyo on August 30 debated the effects of international regulatory developments on Japanese financial institutions. Some parties believe Japan needs to team up with Europe to push back on Dodd-Frank…
Risk Japan 2011: MUFG risk chief hits out at supervisors on RRPs
Masao Hasegawa, CRO at Mitsubishi UFJ Financial Group, says he was taken aback by a regulatory requirement to develop a resolution and recovery plan before year-end
SOR headache for Singapore banks as rates enter negative territory; MAS defends stance
Profits at banks in Singapore issuing mortgages and loans based on SOR may be severely dented as the rate turned negative for the first time last week and is predicted to remain this way in the medium term
Indian banks adequately capitalised for Basel III – Shyamala Gopinath profile
The outgoing deputy governor of the Reserve Bank of India, Shyamala Gopinath, is confident that Indian banks have the necessary capital cushion to absorb the additional requirements of Basel III.
Korea short-selling ban leaves dealers reeling
Korean regulators unveiled a three-month short-selling ban in a bid to calm equity markets following a 17% fall in the Kospi since the start of this month. The prohibition went live on August 10, forcing major dealers to unload excess stock inventory at…
Tough regulation seen as key to India’s success
Protectionism pays
Korean authorities crack down on equity-linked warrants
Arrested warrants