Asia Risk - Nov 2022

Articles in this issue
China congress brings new risks to foreign bank JVs
New political risks add to existing challenges for fully controlled ventures in the country
Singapore’s UOB bucks trend to seek FRTB model approval
Despite data challenges, bank is opting for IMA to enhance risk management
China’s cross-border master agreement fails to excite dealers
New Nafmii OTC derivatives document provides greater flexibility, but dealers may stick to Isda
Corporates rush to hedge emerging market currency risks
Falling forward points have reduced cost of hedging further drops in Chinese renminbi
Launch of Tona futures ‘could bolster yen term risk-free rate’
New Tokyo Overnight Average products could be used in TORF waterfall, says benchmark provider
MSIM option strategy set for payout
Manager has spent over $400 million buying options that have yet to generate returns – until now
Asia moves: Senior hires at Deutsche Bank, Maybank and more
Latest job news from across the industry
Early FRTB adoption piles pressure on Japanese banks
Bankers fear competitive pain due to lack of NMRF data, possible EU and US deviations from Basel
Quants search for way to size crypto bets
Standard models say as much as 4% of a diversified portfolio could go into digital assets
‘Perfect’ VKO trades knock the smile off vol
Dealer hedging of options which profit from ‘spot down, vol down’ may have amplified rare dynamic
How requests for quotes could amount to ‘insider information’
Lawyers say Esma’s incoming pre-hedging guidance could make firms liable for multimillion-euro fines
Interpolating commodity futures prices with Kriging
A futures price’s term structure is built to account for trends and seasonality effects