Hong Kong Monetary Authority (HKMA)
StanChart to repurchase HK$1.48bn of Lehman ELNs; regulatory probe continues
Standard Chartered has reached a resolution with the SFC and HKMA to repurchase HK$1.48 billion of equity linked notes issued by Lehman Brothers but admitted no liability related to mis-selling the notes. Regulators said the bank should have performed…
Asia Risk FX Review & Outlook 2011
Renminbi restraints
Revised Basel III liquidity rules force Asia into uncharted territory
Uncharted territory
Muted demand in Hong Kong for renminbi-denominated structured notes
Muted demand in Hong Kong for renminbi-denominated structured notes
DBS to debut CNH structured notes in Singapore; close-out settlement backstop in place to deal with China policy u-turn
DBS is set to become the first financial institution to offer renminbi structured notes and unit trust to private banking clients in Singapore on February 28. The bank has also drawn up contingency plans to address the policy risk of Beijing changing its…
DBS risk chief fears Basel III liquidity rules still ‘not realistic’
Elbert Pattijn, chief risk officer at DBS in Singapore, believes modifications to Basel III liquidity rules made late last year may still fall short of industry requirements to meet the final regulatory definitions of high quality liquid assets.
CBRC chief adviser Sheng brands financial engineering ‘a cancer’
Andrew Sheng, a veteran regulator who acts as a chief adviser to China’s top banking regulator, believes ‘creative destruction’ needs to take place when financial engineering goes beyond an optimal level, as it did in 2007-2008.
Asian Financial Forum: China tests further easing of renminbi convertibility of capital account
China's State Council is advising the Shenzhen municipal government and local regulators about permitting renminbi conversion outside of currency restrictions
The pay and bonuses landscape
Caps and clawbacks
Hong Kong lawmakers to enforce mandatory CCP by the end of 2012
Hong Kong joins Japan in mandating central counterparty clearing for OTC derivatives with CCPs and a central repository expected to be set up in the coming months.
First offshore renminbi swaption accomplished in Hong Kong
The first offshore renminbi OTC swap option was carried out this week between BNP Paribas and HSBC in Hong Kong, brokered by Icap.
Asia Risk Congress 2010: Hong Kong finance official says government is pushing China to further ease controls on ‘dim sum' bonds
Asia Risk Congress 2010: Hong Kong finance official says government is pushing China to further ease controls on ‘dim sum’ bonds. Meanwhile, an open-ended renminbi bond fund by Income Partners is launched
Hong Kong hoping for LCR work-around, says HKMA’s Kemp
Liquidity coverage ratio as it stands will cause problems for Hong Kong banks, says head of banking policy at the Hong Kong Monetary Authority
Product suitability top concern for Asia op risk managers
A suitable ploy
Asia providers on best behaviour for new regulatory regime
A change of regime
HKMA offers guidance on synthetic ETFs
HKMA offers guidance on synthetic ETFs
Video: Chairman of the Hong Kong Mercantile Exchange
Barry Cheung, chairman at the Hong Kong Mercantile Exchange, speaks to Lianna Brinded about the liberalisation of China's renminbi and the positive effects it will have on energy and commodities.
HKMEx: China’s currency liberalisation to drive liquidity in energy and commodities
China's growth as a consumer in the energy and commodities global market could eventually sway price movements, says Hong Kong Mercantile Exchange’s Cheung
Hong Kong revels in renminbi role
Revelling in renminbi
China fast-tracks Hong Kong as offshore renminbi centre
Lighting the way
Hong Kong regulators warn market about synthetic ETFs
Hong Kong regulators have sent reminder letters and circulars on the business operations surrounding products denominated in renminbi and synthetic exchange-traded funds.
A bullish time ahead for Asia
Asia’s rapid growth and buoyant consumer confidence continue, and the region is emerging from the financial crisis as an economic powerhouse. Operational risk managers and regulators alike must keep pace with this bullish market if they want to avoid…
RMB-denominated OTC derivatives poised to take off in Hong Kong
The renminbi deliverable forwards market has hit at least $28 million during the first month of trading following an agreement in July between the the PBOC and HKMA that enabled Hong Kong to act as an offshore centre for the Chinese currency.