Japan
Central clearing: what obstacles remain for Asia?
Despite the deadline for introducing central clearing already passing, a number of questions are unanswered. Leading figures from around the region voice their concerns
Lack of clarity over clearing provides problems for Asia banks
The deadline set by the G-20 to clear all standardised OTC derivatives has passed but a lack of regulatory clarity over the shape of reform is hampering banks in the region
India extends Basel III timetable to enable banks to raise capital
Decision to push back Basel III implementation motivated by capital concerns, say market sources
Asia regulators try to work together as trade repository regimes begin in 2013
The move to central clearing will generate a wealth of information on derivatives around the region – but making use of this requires both trade repositories and data sharing. Progress on both has been slow
Japan faces soaring cost of ditching nuclear power
The costs of separation
Asic to consult on trade repositories in first quarter 2013
The Australian securities regulator is looking to consult on its trade repository plans at the end of the first quarter, with an eye to implementing the regime later in the year
Lack of certainty over OTC clearing location a problem for Asia asset managers
Asset managers in Asia are being hindered in preparing for OTC clearing by a lack of clarity over location
Hong Kong regulator cautious about CoCos
The HKMA is unconvinced about banks issuing contingent convertible instruments, according to Arthur Yuen, deputy chief executive of the HKMA
Variable annuities offer mixed opportunities in Asia
Variable outlook
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
Derivatives House of the Year, Japan – Goldman Sachs
Asia Risk Awards 2012 winner: Goldman Sachs – Derivatives House of the Year, Japan
JSCC reviews capital threshold for clearing membership
Japan’s central counterparty proposes a 20-fold lower capital threshold for membership for it to qualify as a recognised clearing house under US rules; it also started successfully clearing yen interest rate swaps as of last week
FVC custom indexes
FVC custom indexes
Japan dividend futures in virtuous circle
Virtuous circle
Sunrise on Japanese VA hedging
Sunrise on Japanese VA hedging
Local credit rating agencies offer alternative to ‘big three’
First-rate ambitions
Chan remains Asia structured products head at Deutsche following cuts to equities
Susan Chan remains in post at Deutsche Bank following job losses in Hong Kong and Japan as asset classes are consolidated into one structured products group
LNG seen as big winner from nuclear decline in Japan
Japan’s decision last week to remove nuclear energy from the country’s fuel mix by 2040, is set to significantly increase the country’s short-term demand for fossil fuels, especially liquefied natural gas, say analysts
House of the year: Citi
Structured Products Asia Awards 2012
Best in Japan: Société Générale
Structured Products Asia Awards 2012
Index innovation: Société Générale
Structured Products Asia Awards 2012
Equity derivatives house of the year: UBS
Structured Products Asia Awards 2012
Energy Risk interview: chief fund manager at Japan's Astmax
Taking the long view
Hedging drives demand for Japan dividend futures
Moves by Japan structured product dealers to hedge out their long vega risk have created opportunities in the dividend swap markets for investors. But is this strategy really a one-way bet?