Articles by Viren Vaghela
Basel III threatens to throttle trade finance
An unwelcome trade-off
Risk Japan: Bank of Japan concerned about wrong-way risk on banks’ cross-holdings
Helping banks by purchasing stock will create moral hazard, says Bank of Japan director-general
HKMA offers banks RMB repo facility
RMB repo facility established as part of continuing process to internationalise currency and deepen RMB markets
Asian volatility indexes too illiquid to hedge risk
Asia’s volatility products are not yet liquid enough to draw local investors away from the CBOE Vix
Hong Kong securities regulator argues for more control over HFT
The Securities and Futures Commission makes the case for more regulation of high-frequency trading – but the market is not convinced
Hong Kong regulator to allow foreign currency liquid assets to make up LCR shortfall
HKMA backs foreign currency option for local banks struggling to meet Basel III’s liquidity coverage ratio
Mongolia: First steppes
First steppes
Asian institutional investors focus on quantitative risk management
Investors in Asian institutions are catching up with European and North American counterparts in demanding quantitative risk measures and risk numbers as part of their investment mandate, says risk head at AmInvestment Group in Malaysia
First steppes for Mongolian derivatives market
Mongolia's derivatives market is in its infancy – but the promise of future returns is luring international banks to Ulan Bator
Use of PIT model neutralises impact of counter-cyclical capital buffer
Banks using a PIT model instead of a TTC model may receive a capital saving for the Basel III counter-cyclical capital buffer but such an approach might not be viewed as within the spirit of the rules by regulators
China's credit default swap market slow to grow
China launched its version of the credit default swap market nearly 18 months ago – yet activity has almost ground to a halt due to a combination of inflexible rules, lack of standardisation, and an approach to the concept of credit default that is…
Japan FSA asks for transparent double-deckers
Double-deckers in for a bumpy ride
Strict hedge fund rules in Korea hinder market growth
Barriers to entry
Indian banks to provide Basel III liquidity data in advance of 2013 deadline
Reserve Bank of India tells domestic banks to start reporting aspects of Basel III liquidity strength measures from June this year – ahead of the 2013 reporting timetable outlined by the Basel Committee
Japan investors count cost of falling double-decker returns
End of the road for double-deckers?
Regulatory go-slow on CDS rules in China holds up market development
CDS, China-style
Indian corporates struggle with FCCB redemptions
Many Indian issuers of foreign currency convertible bonds maturing this year face defaulting on the debt after depressed equity prices force the companies to redeem rather than convert the bonds to equity
Japan FSA tightens fund rules to protect retail investors
Japanese regulator implements new rules to increase transparency of complex fund products such as double-deckers
Asia banks seek Sifi status
Badge of honour
Risk-based capital regimes in Asia need work – Sigurd Volk profile
Asia’s risk assessor
CCIL’s Roy: CCP settlement for Indian CDS three years away
The Indian CDS market, which started trading at the end of last year, will need three years before trades can start being cleared through a central counterparty, says clearing house CRO
Asia learning from Europe’s mistakes, says Malaysia’s top central banker
Countries in Asia are learning lessons from Europe, where financial integration has led to costly implications, according to Malaysia’s Akhtar Aziz
Lack of long-dated instruments hampering offshore RMB market
A strong demand for long-dated offshore RMB instruments is not being met by the market, according to one Hong Kong corporate