Asia Risk - October 2014

Articles in this issue
Aussie firms use derivatives to build hidden M&A positions
Lack of disclosure in stake-building process raises questions
European banks stop clearing Korean won swaps at KRX
Fresh uncertainty over Esma's recognition of KRX's OTC clearing house
Tarf crackdown forces Taiwan banks to offer alternatives
Target redemption forwards with capped loss structure set for launch
Singapore op risk charge many times greater than Solvency II
Increased capital charges for equity and credit spread risk are fine
Parallels between cyber and financial contagion risk
Increasing interdependency and opacity of technology systems poses major risk
Goldman Sachs bought $24 billion CDS portfolio from UBS
UBS in Australia sold off CDS portfolio in fixed income scale-back
Copper premium swap launch due for Shanghai free trade zone
Shanghai Clearing House product launch a global first
Goldman Sachs, JP Morgan to set up booking hubs in Asia
Bank of America and Citi likely to be in the second wave of banks
Credit Suisse offloads $40bn global CDS portfolio
Similar sized deal involving Asia names set to follow
HSBC's Asia house of the year win made in China
Shifting rates traders from Singapore to China helped HSBC build share
Deutsche Bank restructure quadruples Japan profits
Emerging market currency-linked notes see strong demand in Japan
Indonesia and India lead Deutsche Bank to currency award
Rupiah collars helped combat Indonesia election-related uncertainty
Repacks and China make SocGen leading credit house
SocGen creates structured note from coupons on bonds held by SGIS
Floaters give HSBC the edge in Asia rates market
Clients seek floating rate loans referencing Shibor for hedging
Credit Suisse prospers despite low volatility environment
Corridor variance swap products help bank combat Japan slowdown
SocGen sates appetite for more complex structured products
Bank offers hybrid Kiko notes linked to Nikkei and Brazilian real
Standard Chartered strikes gold in China commodities
North Asia revenues grow 38% in past year despite iron ore woes
DBS at the heart of Asia's financial markets
DBS eying licences in South Korea and Japan to add to six core markets
HSBC uses derivatives to drive development of RMB market
Forward forex index vanilla option helps guard against volatility
Deutsche's prime brokerage boosts India, China business
Hedge fund launches help Deutsche Bank grow PB revenues across Asia
Allen & Overy dominates derivative transaction business
Focus on absorbing regulatory changes results in big client wins
Deutsche AWM masters India non-resident product risks
Swap instrument enables client to receive full loan repayment
Onshore presence drives LCH.Clearnet's Asia business
LCH aiming to expand scope of its SwapClear service across region
Japan trust business helps BNY Mellon to Asia award
Trust business in collateral management unit gains client support
China and India propel SGX to derivative exchange win
Local currency NDFs enable investors to express equity and forex view
BNPP structured products platform wins Asia award
Smart Derivatives provides structuring, pricing and analysis tools
Citi cements its position as leading Asia clearing bank
Collateral transformation services will aid in regulatory push
Icap adapts to low volatility and regulatory challenges
China business sees growth in non-deliverable CNY and deliverable CNH
Bond ambition drives CSOP to top of RQFII charts
CSOP launches first RQFII bond ETF on Hong Kong exchange
Regulatory crossover drives risk innovation at Numerix
Tech provider responds to increased demands on bank infrastructure
KYC and financial crime rules boost World-Check One
Thomson Reuters vetting database gains tech award from Asia Risk
Pricing and liquidity see Deutsche AWM retain ETF award
Deutsche AWM has wide ETF product range in Hong Kong and Singapore
EY triumphs in Asia Risk awards with global thinking
Consultancy's ability to leverage global presence helps clients
Deutsche Bank dominates Australia derivatives market
Structuring capabilities and local presence give Deutsche the edge
Cross-border deal drives HSBC's Hong Kong business
Leveraged forward extra structure helps client hedge CNH purchase
CIMB Niaga retains Indonesia derivative house award
During political uncertainty, CIMB offered hedging solutions
CIMB masters interest rate challenge in Malaysia
Clients seeking to embed forex or interest rate optionality
BPI overcomes Basel III challenge to win Asia award
Philippines introducing capital adequacy framework in one move
DBS consolidates its position in the Singapore market
DBS's Singapore treasury and markets division sees income rise of 10%
Rising dollar aids growth in KDB derivative volumes
Offshore deals help Korean policy bank secure Asia Risk award
Yuanta market-making helps lift Taiwan ETF volumes
Clients report rise in ETF liquidity and tightened bid/offer spreads
Siam Commercial Bank rides out political instability
Asia Risk Awards 2014: House of the Year, Thailand – Siam Commercial Bank
BIDV extends duration on onshore IRS trades
Vietnam bank's 10-year interest rate swap contributes to Asia award
Asia Risk awards 2014: The winners
The outstanding achievers in Asia's derivatives industry during 2014
Structured credit makes a return as investors seek yield
Credit repacks and collateralised loan obligations back en vogue
New role for Okazawa at BNPP, and other recent job moves
Job changes in the derivatives, regulation and risk industry throughout Asia