Asia Risk - VOLUME 15/ISSUE 3
Articles in this issue
The price is wrong
As the basis between Libor and overnight index swap rates ballooned during the credit crisis, banks were forced to reassess methods for pricing collateralised and uncollateralised derivatives trades. The result is a move towards a new market standard in…
Murky rules mire ODIs
Foreign institutional investors have clashed with the Securities and Exchange Board of India in recent years over the issuance of offshore derivatives instruments. Barclays Capital and Société Générale are the latest institutions to run foul of the…
People power
Andrew Cherriman, head of operational risk management for wholesale banking at Standard Chartered Bank in Singapore, says his ability to rely on expert staff is the key to operating a sound risk management system across the bank’s many jurisdictions. He…
Tightening up
Building a robust liquidity risk management system is the top priority at many banks and insurance companies, ahead of the expected introduction of tough new liquidity risk regulations this year and the easing of government support for many financial…
In transition
Transition management is gaining popularity in Australia, with longer transitions using off-exchange trading platforms becoming increasingly common. But there are plenty of risks associated with such trades. Rachel Alembakis reports
Hedging hit hard
The Reserve Bank of India issued draft guidelines last November proposing a ban on reduced-cost derivatives structures – the source of much controversy in India’s corporate market during the past three years. But some corporates are not happy with the…
Seeking stability
Jong-Goo Yi, commissioner at Korea’s Financial Services Commission, is unusual among Korean regulators as he has a PhD in economics from Stanford University and spent several years working as a lawyer on Wall Street. He speaks with Harry Thompson about…
Renminbi realignment
The Hong Kong Monetary Authority is staking its claim to become the de facto offshore settlement centre for renminbi amid expectations the Chinese currency will one day usurp the greenback as the dominant medium of exchange in the region. But there are…
Betting on basis
Large offshore capital raising efforts by Australia’s banks and a relative dearth of activity in the kangaroo bond market has led to a significant widening in the cross-currency basis swap. This imbalance has created a large profit opportunity for fund…
Beware the ‘small print’ in transitions, says Moore at Russell Investments
Transition managers can fall through the cracks in regulation, says investment consultant’s Asia-Pacific chief
Asset owners increasingly switch on to transition risk issues
Financial crisis has been a ‘brutal awakening’ for Asian asset owners, say panel members at transition management event
MAS consults on changes to corporate governance framework
New roles and responsibilities for directors proposed as part of Singapore regulator’s response to the financial crisis
Deutsche Bank launches 11 China A-share ETFs in Hong Kong
New ETFs will track the performance of China’s CSI 300 Index
Iron pricing overhaul expected to bolster swaps activity
Swap volumes set to rise as new agreements between steel miners and mills set to overturn current pricing system
