With its fractured regulatory landscape, Asia presents localised variations on liquidity requirements which make transposing established structures in the US and Europe into Asia far from straightforward. For example, the Hong Kong Securities and Futures Commission (SFC) introduced in August 2011 a requirement that synthetic exchange-traded funds (ETFs) be 100% collateralised, or 120% if using equity securities. However, the concept of having third-party collateral managers is very new in Hong
- People moves: SocGen adds in prime services, Deutsche fills new rates hole, HSBC makes model move, and more
- Quant Finance Master’s Guide 2019
- Credit risk quants are hitting the tech gap
- Princeton tops inaugural Risk.net quant master’s ranking
- Does credit risk need an expected shortfall-style revamp?