Asia Risk - Apr 2017
April 2017 issue featuring articles on: Goldman Sachs and JP Morgan offering their in-house risk platforms to clients; Japan banks fear TLAC rise; China’s INE contract back on the table; Asia Risk’s interdealer rankings 2017
Articles in this issue
Collateral issues see Korea opt for six-month VM transition
Move will bring country into line with Australia, Hong Kong and Singapore
New Basel delay throws SMA into doubt
Revised op risk capital framework unlikely to be implemented uniformly, even when a deal is agreed, bankers say
Japanese banks fear 20% TLAC increase
Recalibration of Basel risk weights raises fresh concerns over bail-in buffer levels
JFSA eases VM rules for cross-border trades
Japanese firms with non-compliant CSAs can trade with certain foreign counterparties from March 1
People moves: UBS nabs Barclays’ former Asia equity head
Plus: new equity head for HSBC; ANZ adds rates strategist; Jones leaves LME; and others
Sebi sets out commodities framework
India’s securities regulator aims to give market a clearer structure, and attract more players
Clearing portability under threat as FCM pool shrinks
Failure of big clearing brokers could see clients unable to move to stable competitors
Regulators may consider portability in CCP fire drills
BoE, BaFin and CFTC move signals concern over whether client positions can be moved between banks in a crisis
From swaps to software: rivals eye Goldman and JP tech plans
Goldman Sachs and JP Morgan upending years of bank strategy by making systems available to clients
INE oil future to launch ‘as soon as possible’ – CSRC
China's first oil future is still on the cards, but its viability as a new benchmark is far from certain
Cyber assault on Russian banks mirrors Swift attacks
‘Advanced persistent threat’ attacks threaten wholesale payment networks
Derivatives sales 2.0: banks explore big data
Pressured banks hope new tools and technical nous will give their sales teams an edge
Asia Risk interdealer rankings 2017: SG and Icap top the tables
Flexible approach to volatility wins SG the bank award; Icap takes broker slot for breadth of coverage
Optimal trading with linear and (small) non-linear costs
Bouchaud et al find the optimal trading strategy for a family of predictive signals in the presence of transaction costs
