Asia Risk/News
Asia warned to learn lessons on non-cleared margin rules
Experts say Asian participants must intensify preparations for implementation deadline
Volatility fears obstruct China Treasury futures growth
Commercial banks barred despite support for their entry from securities regulator
People: ASX drafts in Stevens to replace ousted chief executive
Dominic Stevens new chief exec at Aussie exchange; SG's prime services Japan hire; new CROs for Axa and Allianz; and others
SGX to charge negative interest to clearing members
Excess euro and yen cash deposits expected to generate 20–40bp charge
China FX forward rules set to boost renminbi options market
PBoC extends reserve requirements on onshore forwards to foreign banks
Indonesia looks to bring $10bn forex hedging market onshore
Central bank seeks ways to improve corporate risk management
China leverage clampdown to hit two-tier structured products
Product issuers look to derivatives to boost returns, but options are limited
HKEx: real-time settlement key to cross-currency swap clearing
JSCC and KRX also said to be working on cross-currency swap clearing offerings
India hesitates on physical settlement for commodity options
Sebi wrestling with shoddy warehousing infrastructure
People: Management shake-up at Societe Generale South Korea
Senior moves at SG in Korea; Axa Asia's COO; StanChart's Murthy retires; and others
Taiwan’s derivatives clampdown may slow innovation
Market participants fear new approval requirements will hinder structurers
Derivatives bail-in raises questions in Hong Kong
Banks seek clarity, but regulator wants maximum flexibility for its bail-in decisions
Lack of sellers could hold back Chinese CDS market
Demand for credit protection increases, but traders say sellers will be hard to find
China opens up onshore swap market but hurdles remain
Foreign investors can now hedge CNY bonds but dealers expect limited uptake
Shanghai to be first CCP to clear forex options
New service to debut in August, but liquidity risk has stalled other CCPs
Mifid speeds drive towards regional swaps-booking models
Brexit adds impetus for decentralisation of booking hubs to Asia
Death knell sounds for India's P-note trade
End to offshore tax exemption would hit equity-based offshore trading product
People: Citi appoints new Asia-Pacific commodities head
Stuart Smith to join Citi; Nomura loses Apac fixed-income exec; Alder named Iosco board chair; and others
US, EU uncleared margin rules ‘impossible’ for Asia
US, EU insistence on next-day variation margin settlement criticised by Apac lenders
LCH-JSCC basis to boost XVA acceptance in Japan
Prices now "can't be explained without reference to XVAs", says Nomura credit head
Asian private bank clients switch to rate structures
Stock market falls steer clients away from traditional equity focus
Asian banks plead for extra time on Basel credit risk reforms
Switching to the standardised approach for credit modelling could have an impact on their legacy books
Bangladesh Bank theft shines light on cyber risk
Banks and regulators increasingly concerned amid high-profile cyber security breaches
India proposes tough uncleared swap margin rules
RBI underscores India's status as a non-netting jurisdiction