Asia Risk
New loan-loss reserve requirement under Basel III set to crimp profits at Chinese banks
A new 2.5% minimum loan-loss reserve requirement to be implemented in China under Basel III is likely to reduce the ability of banks to distribute profits to shareholders
Bank of Korea wrong-foots market with rate hold; questions raised on anti-inflation stance and bank NPLs
The Bank of Korea held interest rates yesterday in a surprise move which caught fixed-income traders who had factored in a 25-basis point rise by surprise. The move questions Korea’s efforts to tackle inflation and raises concerns that the central bank…
RBI deputy governor maps out the future of OTC derivatives in India
A number of new derivatives initiatives are in the pipeline in India, including the development of a credit default swap market, interest rate forwards and derivatives trade compression services, according to Subir Gokarn, deputy governor of the Reserve…
New central securities company to facilitate short selling in China
One of China's leading securities houses sees a bright future for domestic investment banks developing hedge fund-like trading businesses, once securities short-selling is further liberalised on the mainland through the establishment of a central…
Merrill Lynch fined by SFC for mis-selling ILNs
The Hong Kong Securities and Futures Commission has fined and censured Merrill Lynch (Asia Pacific) for mis-selling index-linked notes to investors. The US bank will pay a fine of HK$3 million and repurchase notes held by private investors to the tune of…
Commonwealth Bank of Australia increases Asian rates trading in Singapore
Commonwealth Bank of Australia is expanding the depth of its Asian interest rates market coverage by hiring new staff in Singapore. The bank is also looking into moving some of its commodities traders to the Lion City
Impact of regulatory reform only 50% understood, warns KPMG's Topping
A substantial amount of the regulatory reform sweeping the US and Europe is still little understood and Asian institutions have yet to get to grips with the full impact of these changes, say speakers at industry event in Hong Kong. Intra-day data and new…
Vigilance needed to prevent curse of inflation in Asia
The curse of inflation
Commodities
Volatile returns
Australian banks still face many liquidity challenges
The liquidity conundrum
Collars make a comeback for Asian fuel hedging
Collar comeback
Japan’s nuclear woes alter dynamics for Asian commodity derivatives
Nuclear woes fuel coal
Small Asian companies exposed to commodity derivatives margin calls
Meeting the calls
Commodity exchanges in Asia push for local liquidity
The liquid house rules
Market dynamics for physical coal and its derivatives changing in Asia
Robust stock levels
Structured hybrid products prove popular in Korea
Reinforcing structures
Suncorp’s risk controls and ops face up to Queensland floods
Withstanding disaster
Hedge funds play dangerous volatility game
A dangerous game
Everbright Securities plots to become derivatives force in China
Showcasing structures
CBA’s Alden Toevs on enterprise risk management
A balancing act