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Risk management

Asia Risk Congress 2011: Clashes with CFOs more likely as CRO role gains prominence in Asia

The role of a chief risk officer (CRO) is becoming increasingly relevant at institutions in Asia – sometimes creating friction with the CFO. And Chinese CROs face additional challenges, according to participants at an Asia Risk Congress 2011 CRO…

27 Oct 2011

Credit risk

Asia Risk Congress 2011: CCP users need tactical collateral planning due to Basel III capital squeeze

The increasing need for liquid, high grade assets under Basel III capital requirements will likely squeeze liquidity in the types of eligible collateral required by central counterparty (CCP) clearings, meaning end-users of CCPs need to tactically plan…

26 Oct 2011

Clearing

HK regulator clarifies extraterritorial impact of OTC derivatives rules

A senior official at the Hong Kong securities watchdog says some exceptions are likely to be made to proposed new extraterritoriality rules on mandatory clearing and reporting OTC derivatives in Hong Kong

26 Oct 2011

Solvency II

Asia Risk Congress 2011: Solvency II hampering European insurers in Asia

Solvency II insurance rules have created an ‘unlevel playing field’ for risk-based capital structures in the Asia-Pacific region, with European insurers uncompetitive in some areas compared with Asian and north American peers

25 Oct 2011

Regulation

Hong Kong to start OTC derivatives clearing and reporting in January 2013 – HKMA's Lau

Hong Kong will “tentatively” introduce centralised clearing and reporting for OTC derivatives in January 2013, said Edmond Lau, HKMA executive director, at the Isda Asia-Pacific Conference 2011

25 Oct 2011

Regulation

Asia Risk Congress 2011: ‘Strong baseline supervision’ a domestic priority, says CBRC head

Chinese banking watchdog director-general Luo Ping says China should continue with its conservative regulatory approach, which insulated it against the worst effects of the global financial crisis

25 Oct 2011

Markets

‘No way’ Asia can meet CCP deadline; probably the same for Europe

Panellists speaking at a derivatives industry event in Hong Kong believe Asia is unlikely to meet its obligations to have full mandatory clearing in 14 months – the deadline established in the 2009 G-20 agreement. They say a lack of regulatory clarity is…

25 Oct 2011

Structured products

Asia Risk Congress 2011: Offshore renminbi bonds held back by illiquidity in longer tenors

Investors and issuers remain concerned about China's capital account liberalisation programme, and their ability to hedge longer-term risk

25 Oct 2011

Regulation

Isda: Inconsistency among regulators worrying

Dodd-Frank's extraterritoriality and supervisory focus on market structure reforms that will not deliver systemic risk reduction are concerns, says Isda chair Stephen O’Connor

25 Oct 2011

Exchanges

Asian exchanges could attract more block trades via dark pool tie-ups, says Liquidnet

Liquidnet founder, Seth Merrin, believes Asian exchanges should think ‘bigger picture’ by focusing on reclaiming liquidity from institutional order flows by linking up with dark pools