Asia Risk
Yen interbank funding market calm as government bond yields retrace
The reduced scale of hedge fund carry trade activities compared with previous crises such as the collapse of Lehman Brothers in 2008 has reined in potential increases in the yen libor rate and short-end JGBs.
HSBC names Conxicoeur global head of insurance at asset management arm
HSBC Global Asset Management has named Patrice Conxicoeur as global head of insurance coverage, and Julie Koo as head of institutional business Asia-Pacific. The moves come as part of a wider reorganisation of the unit.
Prudential’s Thiam sees Asian infrastructure deals as ALM panacea; 340,000 Asia sales force 'completely insufficient'
Increasing numbers of infrastructure deals in Asian markets may help insurers meet their long-term liabilities, according to Prudential’s group chief executive.
China and HK central banks close to finalising new CNH clearing arrangement
Market participants are close to completing the legal and operational details relating to a new custodian account arrangement that would allow the city's participating banks in offshore renminbi to take credit risk against the People's Bank of China…
Video: BlackRock's Deborah Fuhr on ETF development in Asia
Retail and institutional investors have increasingly embraced exchange-traded funds (ETFs) in Asia as a component of their asset allocation strategies
Diggle to re-launch Asia long volatility fund under new vehicle; inflation hedging another target
Stephen Diggle, co-founder of defunct Singapore hedge fund Artradis, which closed after incurring losses of $700 million, will re-launch an Asian long volatility fund under his new vehicle Vulpes Investment Management in May.
Asia tops regulated derivatives league table in 2010
Asia became the largest exchange-traded derivatives contracts market for the first time last year. It now holds top spots in terms of contracts volumes for equity, metals and foreign exchange products.
Artradis collapse a failure of judgement, not risk management, says co-founder Diggle
Artradis was one of Asia’s most successful hedge funds until it hit difficulties in 2009 and 2010 that resulted in losses of $700 million and culminated in its closure in late February. But the fund’s co-founder says error of judgement and a lack of…
Goldman Sachs names Entwistle as chairman of South-east Asia
Goldman Sachs has promoted Brooks Entwistle to head South-east Asia operations at the firm and named Sonjoy Chatterjee, who joined the US bank last year after 16 years at ICICI Bank, to replace Entwistle as its new India chairman
Risk officers concerned about regulators’ approach to branch liquidity
Some risk officers at international and domestic banks in the Asia-Pacific region are frustrated by the regulatory focus on country-by-country stress tests and a trend towards branch liquidity.
Citi names McCullough as head of capital advisory in Asia
The US bank has hired Brian McCullough to bolster its Asia capital and liquidity optimisation client services, at a time when regulators are demanding more liquid assets while reducing their fungibility across borders
Electronic trading and clearing of NDFs poised for growth in Asia
Asian regulators are expected to closely follow their peers in the US and Europe in demanding swap execution facilities and over-the-counter derivatives clearing in Asia. This may bolster e-trading for NDFs based on Asian currencies
Barclays Capital reorganises forex structuring heads in Asia, US and Europe
Barclays Capital is moving several of its foreign exchange heads into new roles as it merges two structuring entities.
Panic selling causes record spike in volumes in Japan ETFs
ETFs based on the MSCI Japan index have seen volumes reach unprecedented levels and large swings in volatility as investors digest events in Japan.
Structured product investors hit by sharp fall in Japanese equities
Investors have likely taken hits on legacy structured trades, though bankers say it is too early to judge the full impact of the Friday earthquake on the Japanese structured equity market. There are some signs, however, that investors might already be…
Sponsored statement: DBS Bank
Regulating the renminbi
Sponsored statement: Société Générale Corporate & Investment Banking
Looking both ways
Transition Management Forum Asia 2011: Asset owners warned that fixed income transitions require different skill sets
Fixed-income investments are becoming increasingly popular in Asia, but less transparency in secondary fixed-income market trading compared with traditional equities means institutional investors need to pay particular attention to the ability of service…
Transition Management Forum Asia 2011: Asian market crowded, say transition managers
Transition managers question whether the number of them in the Asian market - 13 - is already too many.
Transition Management Forum Asia 2011: Costs of a failed transition outweigh efficiency benefits
Two keynote speakers at a transition management event in Hong Kong today warned that the costs of a failed asset transition far outweigh any potential efficiency gains and outperformance from a successful transition.
HKEx to launch renminbi secondary market facility to support IPOs
The exchange says the new offshore renminbi secondary market liquidity pool will not introduce additional counterparty or forex risk, thanks to a back-to-back arrangement with interested partner banks and brokers
Equity structuring resurfaces as Japanese investors hunt for yield
Japan has emerged as a fertile market for equity funds and now a structured equity fund has also caught the eye of Japanese investors hungry for yield in a low-interest environment.
Verdicchio joins Vulpes Investment Management
Bert Verdicchio has joined Vulpes Investment Management as chief risk officer