Chinese renminbi (RMB)
Renminbi splurge lifts BNPP, MSIM in Q1 options data
Counterparty Radar: Morgan Stanley IM is largest options user, following series of huge renminbi calls
Chinese exporters urged to ramp up US dollar hedges
Dealers join China’s Safe in sounding alarm at mounting unhedged FX exposures
Tighter RMB rates basis brings new hedging opportunities
Increasing alignment between CNH and CNY benchmarks opens door to more cross-currency hedging by foreign lenders
RMB house of the year: Crédit Agricole Corporate and Investment Bank
Asia Risk Awards 2020
RMB hedging comes onshore as regulators liberalise FX market
Foreign investors turn to CNY for bond hedges as rule changes spur more competition
First USD/CNY cross-currency swap using SOFR trades
Crédit Agricole and Bank of China’s $10m trade marks a new milestone for risk-free rate
Data shortage hits margin models for Asia banks
Thin trade volumes in local derivatives threaten to undermine key tests for initial margin models
Currency derivatives house of year: BNP Paribas
Risk Awards 2019: French bank hits options windfall in Turkey during currency crash
Compression lessons from Japan
Chinese banks remain reluctant to compress, but Japan’s example offers succour
China’s caution on compression stretches global banks’ risk limits
Systems lags and lack of capital pressure blamed for apathy on swaps compression
ANZ’s Whelan on China, data science and ROE
Risk30: markets business at ANZ is picking new targets
Hong Kong regulator to monitor investor IDs on Stock Connect
SFC move designed to clamp down on misconduct and promote city as China risk management hub
Surprise RMB strengthening prompts unwinds
“A lot of long [US$] positions were unsustainable and had to be re-evaluated,” says forex structuring head
Currency derivatives house of the year: HSBC
Risk Awards 2017: Clever approach to options pricing buoyed UK bank during Brexit uncertainty
Offshore RMB hedging costs soar as CNY/CNH basis hits record
Corporates "don't have a choice" about hedging
Foreign exchange house of the year: BNP Paribas
French bank helps corporates hedge in the wake of China devaluation
China FX forward rules set to boost renminbi options market
PBoC extends reserve requirements on onshore forwards to foreign banks
HKEx: real-time settlement key to cross-currency swap clearing
JSCC and KRX also said to be working on cross-currency swap clearing offerings
Taiwan’s derivatives clampdown may slow innovation
Market participants fear new approval requirements will hinder structurers
China opens up onshore swap market but hurdles remain
Foreign investors can now hedge CNY bonds but dealers expect limited uptake
Lenovo turns to dim sum market to reduce forex hedging costs
Rising cost of CNY forwards and tighter regulation encourage renminbi funding
New forex trading models: Transparency, liquidity and efficiency
Sponsored webinar: Thomson Reuters
Bank risk manager of the year: HSBC
HSBC’s risk team helped traders minimise losses when the renminbi took a sharp dive in August
Currency derivatives house of the year: BNP Paribas
French bank prospered despite Swiss franc surge, renminbi devaluation