Asia Risk/News
Lack of suitable hedging options leaves Asian rice exporters exposed
Liquidity and political risk considerations hinder Thai rice producers' attempts to hedge out looming downside risk
Easing of documentary requirements increases onshore renminbi hedging
Easing of documentary requirements increases onshore renminbi hedging
Implementation of Basel III capital ratios on Korean banks to drive subordinate debt issuance
Basel III capital requirements in Korea expected to dampen down M&A and ramp up issuance of subordinated debt
Risk Australia: Clearing broker collateral replacement mechanisms could put asset managers in breach of client mandates
Third-party collateral requirements not acknowledged in current standard clearing broker contracts
Regulatory indecision holds up equity derivatives trades in China
Two different sets of master agreements cause stalemate between banks and securities firms
RBI policy document pushes CCIL closer to QCCP status
Indian regulator takes explicit responsibility for supervising the Mumbai-based clearing house
Double trade reporting burden for international banks in Hong Kong
The launch of an interim trade reporting service last week by the Hong Kong Monetary Authority has prompted complaints from banks over excessive operational requirements
Basel III counterparty credit risk approach unsuitable for low-volatility Asian currencies
Low volatility among some Asian currencies results in overly prudent risk analysis
Malaysian banks face 20% capital surcharge from Basel III internal model switch
Basel III sovereign cap creates internal model headache for Malaysian banks
Australia mandates OTC clearing to ensure substituted compliance
Global regulatory agenda drives switch from market-based incentives to clearing
Asia slow to sign up to IGAs for Fatca implementation
US makes slow progress in signing up Asian states for Fatca IGAs
CFTC cross-border guidelines give US banks in Singapore swap trade booking quandary
Singapore dollar trade potentially hit by US person rule
Bar on bank participation to stymie China Treasury bond futures market relaunch
Despite banks holding an overwhelming majority of the domestic bond market they are barred from participation in futures trading
First Indonesian sovereign bond ETF to boost liquidity in onshore bond market
Fixed income ETF launched at a time of volatility in the Indonesian domestic market
Singapore's absence from CFTC substituted compliance regime creates uncertainty
Treatment of Singapore-based branches of US firms unclear
MAS proposes to amend laws to allow trade reporting of counterparty name
Consultation on the reporting of derivative contracts includes a reporting threshold for non-financial persons and collateral reporting requirements
Asic trade reporting rules seek convergence with international standards
Australian trade reporting rules to be in force by October
Expectation of US rates rise moves USD/CNH currency basis
Exit of "tourist money" from Asia provides more attractive funding options for firms swapping CNH into USD
Asean importers increase forex hedging in expectation of dollar liquidity tightening
The relaxation of the Fed stance on tapering hasn't reassured South-east Asian corporates
Indian regulators clamp down on forex futures markets to dampen rupee volatility
Measures to reduce Indian currency volatility may prove a short-term boost to domestic OTC markets
Asian institutional investors wary of Basel III-compliant bonds' risk profile
Issuance of Basel III-compliant bonds in India likely to be followed in Australia and Malaysia but investors are cautious of potential dangers
Asia's banks face $1 trillion Basel III capital shortfall, says DBS chief
Banks in the region may struggle to find the capital to support balance sheet expansion if economic growth continues
Regulatory obstacles hamper China securitisation market
New rules aim to promote the market but banks still prefer the WMP route