Asia Risk/News
Australian regulator may review nexus trade approach
Asic commissioner hints at reviewing treatment of nexus trades
JSCC applies to US for exempt clearing status
Japan clearing house abandons three-year-long application to become approved DCO
China allows central banks to trade forex derivatives onshore
Asian nation takes another step towards renminbi liberalisation
Market liquidity has been drained by regulations, says DBS chief
Volcker, Basel III and Dodd-Frank have combined to reduce liquidity
SGX mothballs US dollar swap clearing
Insufficient demand causes service to cease – however exchange says it may reintroduce it later
Frankfurt launch of CSI 300 index futures under review
Impact of Chinese volatility reaches Europe with latest delay
'Systemic risk' created by margining into non-netting jurisdictions, says StanChart
Local regulators are considering exempting banks from posting margin where there is no netting certainty
SGX 'ahead of the curve' on CCP capital, argues director
Singapore Exchange puts up 25% of default fund capital; European and US CCPs contribute 2.6%
ASX gets first DCO exemption from CFTC
Four Asian CCPs have applied, but Australian outfit is first to win an exemption
Corporates face paper structured forex losses from RMB slide
China central bank intervention causes unrealised corporate hedging losses
'Jury still out' on local currency clearing says CIMB
Asean OTC derivatives market is not big enough to warrant clearing
Taiwan fines BNPP and Deutsche for unlicensed derivatives sales
Six months earlier Barclays was given 12-month ban for same offence
HKEx strengthens RMB team ahead of expected product launches
Banker who spearheaded BNP Paribas's RMB business moves to exchange
China CLO market stutters on economic slowdown
Increase in liquidity and a rise in NPLs slow China structured credit market
Counterparty concerns slow family office derivatives use
HNWs got burnt in the Lehman crisis and are still cautious over exposures
ANZ ramps up derivatives to capture intra-Asia trade flows
Increasing trade between Asian countries provides opportunity for ANZ
Apra toughens mortgage risk weights for Australian banks
Financial stability fears drive regulators to raise capital levels for banks
Smaller banks in Volcker rule exemption letter 'stand-off'
Global banks refusing to sign representation letters with regional players
Exotic forex option losses in 2008 still haunt market
SMEs have returned to option strategies since the financial crisis but in a more nuanced way
China opens interbank bond market to foreign central banks
Move is among most significant towards renminbi liberalisation since QFII, says StanChart
China Treasury bond futures hit by cash equity volatility
Increase in volatility as traders exit positions to fund equity portfolios
Thai Government Pension Fund eyes deeper bond futures market
Fund has large fixed-income assets but there are limited hedging opportunities available
'Rollercoaster day' in Hong Kong stresses dealers' exotic books
Autocallable knock-in levels under pressure but losses averted
Singapore clearing mandate timed to avoid US/Europe overlap
With sufficient clearing options now available MAS is ready to set out clearing mandate