Asia Risk/News
MF Global demonstrates the need to keep collateral onshore says ASX chief
Australian market increasingly important as AUD IRS volumes overtake yen
Dealers hold counterparty limits despite ongoing Thai instability
Impact of US taper on emerging markets more significant than domestic political troubles
JSCC to be first Asian CCP to clear single-name CDSs
Second-quarter start date slated by the Japan-based clearing house
Westpac to tap into RMB product demand with new China drive
Bank receives approval to offer derivative products onshore
Asian private bank clients look to European equity-linked structured products
Interest from clients for European equity-linked structured products is increasing
Nikkei 400 index tipped to become Japan equity derivative benchmark
Cash business likely to stay with Nikkei 225 but derivative trades may shift
Asian clearing houses waiting for CFTC to outline DCO exemption process
SGX still the only Asian exchange with US regulatory approval
Plunging Nikkei brings $40m vega losses to Japan dealers
Losses manageable now but if the Nikkei goes under 13,000, "there will be panic"
HSBC deregisters Asian arm as a swap dealer due to lack of US person trades
Unlikely that any Japan or Australia banks will follow suit
Singapore facing substituted compliance ruling following J. Aron swap dealer registration
Move by Goldman’s commodities subsidiary could trigger CFTC ruling
Iosco secretary-general slams US and Europe as 'regulatory sharks'
Global securities regulator says both entities need to take a longer-term view
G-Sifis must improve their use of risk data – SFC
Hong Kong securities regulator wants systemically important banks to improve their ERM
Third time lucky for India's interest rate futures market, traders hope
Launch of exchange-traded interest rate futures offers hedging alternatives
Dealers reassess Korea ELS market as equity risk builds up
Equity-linked underlyings moving to Euro Stoxx 50
CBOE to extend US Vix trading to Asia hours
Extension may lead to greater range of Asia-specific volatility products
Lack of hedging options for RQFII ETF market-makers
Difficulty in accessing onshore market means liquidity providers are having trouble hedging China A-share exposure
Shanghai Clearing House becomes fifth in Asia to start OTC clearing
First CNY interest rate swaps cleared in China
Nepal central bank cautious on Basel III counter-cyclical buffer
Central bank to study need for counter-cyclical buffer in a developing economy
Basel III likely to create further consolidation in Kazakh banking sector
The Kazakhstan central bank's intention to begin implementing Basel III from 2015 is likely to speed up the banking sector's current consolidation phase
Oil majors step up commodity derivatives market making in Asia as banks cut back
Handicapped by tighter regulations, banks have ceded derivative market-making share to oil majors such as BP and Shell
Clarification needed on CCP close-out netting in India
Current netting statutes only apply to clearing members and not the CCP itself
China metal repo business included in Deutsche Bank commodity cuts
Former commodity heavyweight has also closed its successful metals financing business as part of global restructuring
Japan dealers stop back-loading to CCPs due to de minimis uncertainty
CFTC rule potentially captures legacy trades novated to CCPs