HKMA offers fast-track model vetting in swaps hub pitch

Hong Kong (Shutterstock) — The HKMA is trying to "facilitate the establishment of derivatives hubs in Hong Kong"

Afiq Isa
18 Dec 2017

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Hong Kong’s regulator is offering ‘fast-track’ model approval to banks, as it seeks to become a regional hub for the booking of derivatives.

Watchdogs in the UK and elsewhere are pushing international banks to book trades nearer to where they originate, rather than executing back-to-back transactions that route the exposure to a global booking hub, such as London. If the bank lacks approval to model its capital requirements in local centres, however, the dispersal of risk will come with a hefty

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