Asia Risk/News
China's red tape reduction could lead to wider CNY trade band
Chinese regulator Safe's efforts to simplify investment into the country seen as a further sign of renminbi liberalisation
Demand for Topix options gives dealers hedging headache
Institutional demand for Topix options outweighs supply and is creating basis risk for dealers hedging their positions
Japan delays cross-border rules amid US and European uncertainty
Equivalence and substituted compliance issues must be resolved quickly, or financial markets will be affected, says Kono at Japanese FSA
Thai sovereign entities to hedge out legacy yen exposures as baht strengthens
Recent mark-to-market gains on legacy yen-denominated loans make now a tempting time to hedge, according to Thai market players
Uridashi knockouts push Japan dividend futures to outperform Nikkei
Inverted yield curve provides rich pickings for investors
Indian hedge funds barred from investing in currency derivatives to check rupee volatility
Sebi bans the newly formed local hedge fund industry from forex and commodity derivatives to curb speculation in these markets.
Singapore to implement Fatca after agreeing IGA
Singapore agrees to sign up to Model 1 intergovernmental agreement to implement Fatca
Drop in Hong Kong Prada share volume highlights dangers of transaction taxes
Daily turnover in Prada shares listed on Hong Kong Exchange has dropped by over 30% since introduction of Italian financial transaction tax two months ago
Lack of co-ordination of bank resolution regimes behind subsidiarisation push
Asia still behind on global rules forcing subsidiarisation of foreign banks in the region
Mandatory clearing in Hong Kong postponed until January
Banks will have a six-month grace period before they must finally start clearing by July 2014
Australian regulators unveil criteria for mandatory clearing
Three regulators, including the RBA, reveal how they will decide whether and when to implement mandatory clearing requirements for OTC derivatives
Financial transaction tax will harm Europe’s banks in Asian derivatives markets
The draft form of the EU's proposed financial transactions tax is 'unworkable' for European firms operating in Asia
Credit Suisse appoints Brian Chan as head of Asia-Pacific equity derivative sales
Chan is named as Min Park's replacement at the Swiss bank
Survey reveals gaps in risk information from Asian buy-side institutions
Getting timely and relevant risk-related information is a problem for Asian buy-side firms
China onshore OTC clearing postponed until 2014
OTC clearing onshore in China will be delayed until at least the end of 2013 or early 2014 according to an official at Shanghai Clearing House
CNH Hibor fixing to spur interest rate swap market
Launch of the CNH Hibor to lead to an increase in CNH loans and hedging instruments such as floating rate notes and interest rate swaps
Isda AGM: CCP ‘Armageddon’ could lead to sovereign default, warns HSBC exec
Single bank default could affect multiple CCPs, leading to crippling default contribution for existing members and a chain of bank failures
Isda AGM: Dealers fear US-EU reporting clash
Industry calls for common trade reporting rules
Isda AGM: ‘Overlapping and contradictory’ global regulation will hamper real economy
The cost of reducing systemic risk is too high for the real economy, says Isda deputy chief executive
Asia-based cat bond issuance unlikely
A catastrophe bond from an Asian-based issuer is unlikely in the near term due to the high cost relative to traditional reinsurance
Isda AGM: Big regulators hike pressure on small countries, panellists say
Initial margin requirements could increase liquidity strain on firms in smaller markets
Isda AGM: Clearing will magnify European FTT, warns UniCredit’s Lim
Planned one-basis-point charge will be levied multiple times in cleared trades – and could “kill the market”
Isda AGM: OTC trade reporting system in danger of fragmentation
The large number of trade repositories planned globally will reduce the quality of data, panellists warn
Isda AGM: Risk and Isda launch new derivatives research award
First OTC derivatives research award will be given in February 2014