Singapore
Singapore positions itself as OTC clearing hub for Asia
Clearing link with KRX will lead to larger volumes and efficiencies at SGX
Asia corporates unfairly ‘penalised’ by CVA capital charge
The move by European authorities to exempt European banks from holding CVA capital should be matched by regulators in Asia, according to senior bankers in the region
MAS warns on fragmented clearing and reporting
Asian financial markets have made progress in setting up CCPs and trade repositories, but greater harmonisation is needed across borders, Singaporean regulator warns
Singapore eyes regional hub status for offshore RMB
Addressing ACI Congress delegates, deputy prime minister and chairman of the Monetary Authority of Singapore talks up Singapore's ability to facilitate the growth of renminbi trading outside China
Talent fuels growth of Asian hedge fund industry
Asian advancement
Newedge to offer OTC clearing in Asia
Broker seeks to broaden its Asia offering by adding OTC IRS clearing in Singapore
Rise in CCPs may spur collateral fragmentation
Currency controls
Central clearing obligations cause collateral headaches in Asia
Collateral thinking
Proposed derivative restrictions for Singapore insurers to have a limited impact
New MAS proposals to unify investment guidelines for all insurers, and in doing so limit derivatives usage, will not affect existing investment policies for insurance firms
Yen threatened by Japan insurers unwinding dollar/yen hedging positions
While foreign hedge funds have been driving down the value of the yen, now Japan insurers may strengthen the trend
Hong Kong retirement funds may be exempt from Fatca
The largest pension schemes in Hong Kong can potentially be exempted from Fatca after being judged by the US to be low risk for tax evasion
Asia steel derivatives market struggling to compete with iron ore
Steeled for the fight
US firms returning to iron ore derivatives after SGX and CFTC clear regulatory obstacles
The CFTC’s no-action relief letter issued late last year and SGX’s upcoming iron ore futures contract have ended uncertainty and brought back hesitant market participants
Asian covered bond market set to take off
Running for covered
Exits for two more Asia commodities heads
Gunnar Hoest, head of commodities, Asia, has left Deutsche Bank while Morgan Stanley's Harry Soh is set to retire, sources have confirmed
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
Mandate watch: BNY Mellon wins four mandates from Touchstone
Touchstone appoints BNY Mellon to four more funds as the year ends with a steady stream of securities services mandates
BAML Asia commodities chief to leave
BAML Asia-Pacific commodities head Tsai is leaving the firm, say industry sources
Bank of Thailand: LCR horizon should be a maximum of seven days
Experience of the Asian financial crisis leads Bank of Thailand's deputy governor to question the LCR parameters
Dodd-Frank and its impact on Asia
States of confusion
Risk is crucial to a bank’s reputation – Nigel Williams, ANZ
Getting on top of ANZ's "super regional" strategy is the chief risk officer's main focus