Asia Risk - Dec 2016

Articles in this issue
SG buys $1.3 billion Japan CDS portfolio
French bank strengthens position in Asia
Trading stalls on China's new CDS market
No transactions after first day of trading, while price discovery is problematic
Ringgit NDF market collapses after central bank curbs
"Implicit threat" to banks that continue trading non-deliverable forwards
Asia braced for Trump extraterritorial impact
Doubts about pan-Asian response to any increase in Western financial protectionism
SGX rules out VM haircutting in recovery planning
Hitting variation margin "inappropriate" in Singapore context, but some bankers support its use
Indian CCP equivalence push hits data protection roadblock
CFTC demands India’s clearing house hand over information on trades involving US persons
US banks fear margin rules could hit emerging Asia liquidity
Unequal margining requirements may be a turn-off for local counterparties
CSRC: commodity futures speculation not moving spot prices
Eye-watering one-day moves on China spot commodity markets due to “supply and demand”
Indonesia urged to go further to build hedging market
Banks warn that bringing call spreads onshore is not enough and could produce distortions
People: SGX’s new fixed-income origination head
Plus: ANZ Taiwan CEO; DBS Private Bank hires Ioannou; global risk head for ADS Securities