Hong Kong Bureau Chief
Narayanan Somasundaram is the Hong Kong Bureau Chief for Risk.net. He has been a journalist for more than 15 years, with his career spanning news and features for two of the world’s largest news organisations – Thomson Reuters and Bloomberg.
Narayanan led coverage of Australian financial services, regulation and the frothy real estate market with a series of features that underscored the build-up of risk in the nation’s property market. He has also had stints as a mergers and acquisitions reporter both in Mumbai and Sydney and as a foreign exchange and bonds reporter in Sydney, where he kicked off coverage of global markets amid Brexit and the shock US election win for Donald Trump.
Extraterritorial reach is not new to region, but EU Benchmarks Regulation poses real risks
Halting rollout of new prices highlights potential weak points in valuing illiquid products
Combination of banking and insurance regulators offers opportunity to co-ordinate debt reduction measures
Using new risk-free rates alongside Libor equivalents gains industry support
Dealers deserve praise for improved structures, greater diversification and better risk transfer
Non-EU benchmarks have until 2020 to comply, but swaps contracts may need to change immediately
Uridashis, macro positioning and ETFs behind record 23% rise in volatility on November 9
Common transaction identifiers close to completion, with product identifiers not far behind
Markets on the cusp of change require new supervisory capabilities
Japanese and European investors may face different payment models for investment research
Nations such as the Philippines seek a more proportionate approach to level the playing field with global lenders
Evaluation of new framework by Basel Committee will not be excuse for tweaking pre-agreed rules