Hong Kong
Next economic crisis to come from pension funds
Unregulated pension fund industry will be a systemic concern
Corporate deposits used as CVA mitigant
Banks looking to mitigate the new Basel III CVA capital charge – and using corporate deposits as collateral on derivatives is one option, says banker
Bullish NRI investors drive search for higher yield
Non-residential Indian investors bullish on high-yield strategies and leverage plays in Hong Kong and Singapore as they seek alternatives that can enhance returns
China ETFs look offshore
Looking across borders
Risk & Return Canada: CCPs won’t stop future crises, says academic
Central counterparties a ‘Maginot line’ that won’t prevent financial breakdown, argues Queen’s University at Kingston assistant professor
HKMA offers banks RMB repo facility
RMB repo facility established as part of continuing process to internationalise currency and deepen RMB markets
Banks continue to ramp up in offshore RMB
Top-tier banks are continuing to invest in their offshore renminbi trading capabilities, despite the recent dip in Chinese growth and the challenge of persuading clients to use the new currency and boost liquidity
HKMA focuses on offshore renminbi: Norman Chan interview
Proximity and tradeflows have seen Hong Kong emerge as the default centre for offshore renminbi trading. Norman Chan, chief executive of the Hong Kong Monetary Authority, explains how his organisation aims to facilitate the market’s further development
Banks spend 25% of compliance budget on overseas regulation
New research finds banks face steep extraterritorial compliance costs
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
Structural issues hindering uptake of electronic trading in India
An increasing appetite for electronic trading by domestic Indian firms is being stymied by issues over market structure and regulatory climate
Pushing for promotion – Aaron Woolner column
Pushing for promotion
HKMA strikes a cautious note on territory’s banking sector
Hong Kong Monetary Authority concerned about continued credit expansion in the territory and contagion risk from the European sovereign debt crisis
China looks to offshore ETFs
Looking beyond the border
A local approach to risk management in Asia – Allen Kuo profile
Local knowledge
Chan and Bakshi step in as Lee leaves Deutsche’s Asia structured products team
Susan Chan and Neha Bakshi take over structured products structuring and sales at Deutsche Bank in Asia following Chris Lee's departure
Closing price uncertainty hits traders on Hong Kong Stock Exchange
Use of median calculated price and restrictions of trading capacity are causing problems for participants on the Hong Kong Stock Exchange
Hong Kong retail investors look to ELIs for their yield needs
Retail investors in Hong Kong are favouring equity-linked investments on the back of more stringent regulatory requirements for structured products. At the same time, the appetite for foreign exchange-linked products – most of which escape the new rules …
Seaton to head prime brokerage for Asia-Pacific at BAML
Graham Seaton relocates from Sydney to Hong Kong
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
Hong Kong regulator approves new synthetic ETFs
The Hong Kong ETF market received a boost with the approval of more than a dozen synthetic ETFs – the first authorisation since local rule-makers toughened regulations over this asset class last year
Nomura makes senior Asian equity appointments
Nomura hires Christopher Carter as head of equity derivatives Japan, and makes a number of promotions within its Asian equities team
Countdown to the G-20 deadline
Just 12 months to go until all standardised OTC derivatives are supposed to be cleared through CCPs – but meeting that deadline everywhere looks unlikely