News
HKMA’s tight control over default data inputs reduces RWA significance
Hong Kong doesn't give local banks any latitude over the data inputs to their risk models, says one risk manager from the Special Administrative Region
Basel proposal to capitalise settlement risk ‘unnecessary’
In comment letters published last week, banks have taken issue with Basel Committee guidance that would capitalise post-execution exposure to settlement risk
Banks suspend dual-currency deposits in Japan
Returns on dual-currency and structured deposits will not be covered by state insurance scheme, Japanese FSA decides
Adoboli: management was aware of unauthorised trades
Desk supervisor told traders to disobey orders, rogue trading defendant claims
Loss-absorption proposals for systemically important insurers flawed
IAIS proposals will encourage regulatory arbitrage due to lack of global capital standard,experts warn
Asia Risk Congress: Clarity needed on close-out netting
Panellists at Asia Risk Congress say there needs to be clarity on close-out netting in certain countries before establishing CCPs
Asia Risk Congress: LCR drives expanding regional liquidity swap market
Insurers providing liquidity swaps to banks is a growing trend in Asia
Adoboli claims witnesses have been lying
The accused rogue trader says others were complicit in his actions
EU short-selling ban hits liquidity, hikes uncertainty
Liquidity drained from the sovereign CDS market before the ban took hold this morning – and market-makers are still unsure what they can and cannot do
Asia Risk Congress: Collateral requirements will hit derivatives trading volumes
Panellists at Asia Risk Congress say collateral management rules will reduce activity in areas such as structured products
Asia Risk Congress: Local trade repositories are necessary, says HKMA’s Lee
The benefits of local trade repositories outweigh the possible disadvantages of multiple reporting requirements, says executive director of HKMA’s financial infrastructure unit
Adoboli compares self to rogue trader Kerviel
Kweku Adoboli speaks out in favour of Jerôme Kerviel
Adoboli confesses to lying about trades
Kweku Adoboli tells a London court he lied to recoup losses
Banks should give more info on RWAs and models, says FSB
It is impossible for investors to understand modelling differences between banks, FSB report warns
Adoboli: ‘I wish I was a rogue trader’
Former UBS trader claims colleagues influenced his market position
IMF: CCP structure increases systemic risk
The likely increase in the number of central counterparties will create more 'pockets of risk', says senior economist
Kweku Adoboli takes the stand in court
Former UBS trader describes inadequate oversight at bank
FSA ring-fencing proposals threaten with-profits fund rescues
Regulator faces gold-plating criticism over transposition of Solvency II into sourcebook
Volumes of swaps trades between US and Asian firms recover
A recent Dodd-Frank-led decline in swap volumes between Asian and US counterparties has been reversed following CFTC intervention
Philippine early implementation of Basel III capital ratios politically motivated
The decision to bring full Basel III compliance in five years ahead of the final deadline is based on politics rather than economics, according to one risk manager
RMB/Africa currency hedging sees ‘substantial’ growth in past 12 months
Increasing levels of trade between Africa and China have driven the emergence of an increasingly active RMB derivatives market
Hong Kong insurers hedge out their US dollar exposure
Insurers in Hong Kong are revising their long-term policy of not hedging out their US dollar exposures
CFTC 'way off' in estimates of position limit costs
Regulator estimated first-round costs at $100,000 - but some dealers claim to have spent $750,000
FSA proposals to ease Icas modelling burden raise questions over inclusion of Solvency II risk margin
Suggestions that regulator is already beginning to apply Solvency II assumptions to capital calculations