Riding the recovery
HKMA’s Yuen urges banks to take action now on Basel III LCR; warns of negative impact for corporate debt markets
Banks should begin preparing in earnest to meet the Basel III liquidity requirements as regulators begin the process of supervising banks’ compliance with the new rules, according to the deputy chief executive of the HKMA.
Morgan Stanley has named Wei Sun Christianson and William Strong as co-heads of Asia to replace outgoing Owen Thomas.
HSBC Global Asset Management has named Patrice Conxicoeur as global head of insurance coverage, and Julie Koo as head of institutional business Asia-Pacific. The moves come as part of a wider reorganisation of the unit.
The US bank has hired Brian McCullough to bolster its Asia capital and liquidity optimisation client services, at a time when regulators are demanding more liquid assets while reducing their fungibility across borders
Regulating the renminbi
Korea's structured product market continues to grow as institutional investors move across to equity derivatives
BNP Paribas awarded third-party clearing waiver by SFC; predicts tectonic shift in clearing practices
BNP Paribas Securities Services has secured a waiver from the SFC, which could mark a turning point for the outsourcing of clearing services in Hong Kong
Muted demand in Hong Kong for renminbi-denominated structured notes
Deutsche Bank claims to be the first major dealer to offer offshore renminbi on an electronic trading platform, although forex broker EBS says it already offers a hybrid broking service for the offshore Chinese currency. Together, however, the initiatives...
A taste for dim sum
Hong Kong SFC fines fund promoter
Asian Financial Forum: China and Hong Kong to collaborate more on cross-border access and cross-listings of ETFs, says CSRC chief
Hong Kong and Shanghai are set to more closely align clearing and settlement systems enabling the cross-listing of instruments such as exchange-traded funds. Meanwhile, the Chinese authorities plan to encourage state-owned enterprises to launch so-called...
Speculative inflows into the region could present a greater threat to the region than the global financial crisis, according to senior regional government and regulatory officials attending the Asian Financial Forum in Hong Kong.
Wheatley plans departure from SFC
Caps and clawbacks
Cracking the code
UBS has joined rival Credit Suisse by setting up a family services business in Asia to cater to the fast-growing wealth of ultra high-net worth families in the region.
Deutsche Bank Private Wealth Management (PWM) has added Tony Tang as head of north Asia client solutions and Eleonore Dachicourt as head of hedge fund sales in Asia as it continues to expand in the region.
Hong Kong joins Japan in mandating central counterparty clearing for OTC derivatives with CCPs and a central repository expected to be set up in the coming months.
Axa, Manulife and Prudential all make changes in management of subsidiaries in key growth market for 2011
Citi prime finance Asia Pacific is building up a derivatives clearing team in response to moves by regulators to improve supervision of OTC clearing services
Rules and regulations