Asia Risk
Asia Risk 15: Commodity derivatives grow dramatically but Asia still not setting prices
Asia is now the largest buyer of raw materials and its companies face significant hedging challenges to manage price volatility. But the fragmented nature of the region’s economies has hampered the exertion of meaningful influence in global commodity…
Asia Risk 15: Credit derivatives perform vital role but at heavy cost
The emergence of credit risk mitigation techniques has enabled banks to continue lending while easing their concentration risks. But this has come at a heavy cost, as investors in many complex, leveraged synthetic structures discovered following the…
Asia Risk 15: Asian ascendancy in equity derivatives
The equity derivatives business in Asia has experienced dramatic ups and downs during the past 15 years. But overall growth, particularly for equity structured products, has been phenomenal. Harry Thompson reports
Asia Risk 15: Delivering options for FX derivatives
The Asian foreign exchange markets have experienced more than their fair share of ups and downs during the past 15 years. But the phenomenal growth of trade flows between Asia and the rest of the world, and more recently, within the region, has created a…
Asia Risk 15: A steep learning curve for interest rate derivatives
Asia’s interest rate markets have matured significantly during the past 15 years and now offer a full array of onshore and offshore hedging and investment options to end-users. Georgina Lee reports
Asia Risk 15: Rafael Consing, ICTSI
Corporates were hit hard by derivatives losses linked to investments and low-cost hedges during the financial crisis. But most companies have benefited by using derivatives to manage financial risks. Joti Mangat and Georgina Lee talk to one such company,…
Asia Risk 15: Jack Lin, Janus Capital
The development of mainland Chinese markets may mimic what has already occurred in Taiwan, according to Jack Lin, co-chief executive officer of Janus Capital International in Hong Kong, but the role of sovereign funds and the quantum of scale indicate…
Asia Risk 15: John Laker, Apra
With four out of 10 AA-rated banks worldwide under its jurisdiction, the Australian Prudential Regulation Authority has received critical acclaim for its management of the Australian banking system. But it has not all been plain sailing. Wietske Blees…
Asia Risk 15: Ryozo Himino, Japan FSA
Regulators are preparing to introduce a glut of new regulations to improve the resilience of the financial system. But this should go hand in hand with the use of policy tools to prevent asset price bubbles, argues Ryozo Himino
Asia Risk 15: David Li, Bank of East Asia
Chairman and chief executive of Bank of East Asia, David Li Kwok-po, is a consummate relationship banker who has expanded the Hong Kong family bank’s footprint into mainland China. But he places high importance on quantitative risk management. By…
Asia Risk 15: Piyush Gupta, DBS
DBS aims to become a regional powerhouse in Asia offering consumer, corporate and wholesale banking services. And getting its risk management architectural framework right is critical. Christopher Jeffery speaks with its chief executive, Piyush Gupta
Asia Risk 15: Anita Fung, HSBC
HSBC prides itself on its local markets footprint in Asia as well as on its no-nonsense approach to liquidity risk management. The result is that the bank has been in a strong position to help its clients at times of their greatest need. Christopher…
Asia Risk 15: Loh Boon Chye, Deutsche Bank
Deutsche Bank’s decision to set up primary dealer operations in local markets in the region following the Asian Financial Crisis has enabled it to become one of the top three providers or risk management services in Asia. Christopher Jeffery reports
Structured credit recovery in Asia still patchy
The Asia-Pacific region saw a drop in securitisation volume during the global financial crisis, but the effect has been felt very differently across the different financial markets in the diverse region. Hardeep Dhillon reports
Euro debt crisis prompts questions over collateral
European financial markets have been turned upside down by the sovereign debt crisis, with eurozone government bonds no longer regarded as completely risk-free. As a result, dealers are more wary of the correlation inherent in collateral denominated in…
Asia Risk 15: Wang Lili, ICBC
Chinese banks have radically reformed their risk management practices since 2003. Wang Lili, executive director of the world’s largest bank, ICBC, describes the remarkable journey and highlights some of the challenges and risks ahead
Asia Risk 15: Shilpa Kumar, ICICI
Shilpa Kumar has championed the development of modern financial derivatives in India. The ICICI veteran talks with Asia Risk about some of the milestone events during the past 15 years. By Sarfraz Thind
Asia Risk 15: Kenji Fujii, Mizuho Securities
Japanese financial institutions have faced severe tests during the past 15 years including rogue trading scandals, huge non-performing loans and a need to adopt aggressive regulatory rules. Kenji Fujii maps out these challenges and indicates how they…
Asia Risk 15: Lee Kwok Kwan, CIMB
CIMB Group has navigated through the current financial crisis with minimal difficulty. Indeed, the Malaysian bank’s deputy chief executive, Lee Kok Kwan, believes strict capital and liquidity standards have given CIMB a distinct competitive advantage…
Asia Risk 15: James Sheu, Chinatrust
Chinatrust is one of Taiwan’s leading financial groups with businesses spanning venture capital, asset management, securities broking and commercial banking. Its growth has taken place alongside the development of the island’s financial markets, says…
Asia Risk 15: Doug McTaggart, QIC
Queensland Investment Corporation has been at the vanguard of asset managers in Australia promulgating sophisticated risk and portfolio management techniques during the past 15 years. Rachel Alembakis speaks with its chief executive, Doug McTaggart
Asia Risk 15: Rodrigo Zorrilla, Citi
Citi’s global footprint has enabled it to benefit from the development of onshore, offshore and basis markets. The bank’s head of markets for Asia, Rodrigo Zorrilla, says Citi has also catered to client demand by supplying a steady stream of exotics…
Asia Risk 15: David Jiang, BNY Mellon Asset Management
Investors in different parts of Asia have different needs. But they have all gained a greater insight into risk during the past 15 years, especially during times of crises. Rachel Alembakis speaks with David Jiang, chief executive of Asia Pacific for BNY…
Asia Risk 15: Noboru Terada, GPIF
Noboru Terada presided over Japan’s $1.35 trillion Government Pension Investment Fund in the mid-1990s, where he overhauled the fund’s governance structure and portfolio management approach. He speaks to Joti Mangat about Japan’s pension industry