Asia Risk/News
Credit Suisse loses Korea head of equity derivatives
Charlie Shin has left the Swiss bank
On the move
On the move
Asic to consult on trade repositories in first quarter 2013
The Australian securities regulator is looking to consult on its trade repository plans at the end of the first quarter, with an eye to implementing the regime later in the year
Asian currency hedgers to be hit by ‘fatal flaw’ in new accounting rules
A major change is needed to correct new hedge accounting rules, which could restrict derivatives use by Asian firms hedging their foreign currency exposures
Four of five largest Australian banks look to clear with LCH
LCH.Clearnet makes inroads into the domestic Australian market with its SwapClear service
BAML Asia commodities chief to leave
BAML Asia-Pacific commodities head Tsai is leaving the firm, say industry sources
HKMA mulls over charging for mandatory trade reporting service
The Hong Kong Monetary Authority has begun discussions with OTC derivative market players on whether to charge for use of its trade reporting service
Lack of certainty over OTC clearing location a problem for Asia asset managers
Asset managers in Asia are being hindered in preparing for OTC clearing by a lack of clarity over location
Regulators in Asia target shadow banking sector
Regulators in Asia are striving to strike balance between regulating the shadow banking sector and letting Asian financial intermediation develop
US should show more respect over Fatca – PBoC official
The unilateral approach taken by the US to combat tax evasion is not the right one, says senior figure at the People's Bank of China
Bank of Thailand: LCR horizon should be a maximum of seven days
Experience of the Asian financial crisis leads Bank of Thailand's deputy governor to question the LCR parameters
Hong Kong regulator cautious about CoCos
The HKMA is unconvinced about banks issuing contingent convertible instruments, according to Arthur Yuen, deputy chief executive of the HKMA
Korea to start mandatory clearing in October 2013
Legislative hold-up means Korea OTC derivatives clearing will be delayed
MAS grants temporary relief for energy market brokers over Ice energy futures
MAS confirms it is granting interdealer brokers temporary exemptions from registering as futures brokers
Free trade in Taiwan needed to prevent emergence of multiple offshore RMB curves
The creation of an offshore RMB market in Taiwan could result in a fracturing of liquidity and prevent the currency's further internationalisation
Nomura to reboot Korea ELWs with Hong Kong product launch
Korean retail investors will be able to access Kospi 200 warrants without the barriers to entry that exist in the Korean market
RMB controls stifling iron ore swap market participation in China
Inability to convert RMB is preventing more participation from Chinese end-users in the iron ore swaps market, according to an onshore metals derivatives player
Australian banks well placed to meet new Apra liquidity reporting standard
Tougher liquidity reporting standards imposed by the Australian regulator won't be a problem for the country's four main banks
On the move
On the move
Dealers working to keep Asian entities outside Dodd-Frank
As the CFTC prepares to finalise its rules on extraterritoriality, some firms in Asia are working to minimise the impact on non-US entities
Asia can ease collateral squeeze, says Clearstream chief
The global thirst for high grade collateral resulting from OTC clearing will require Asia playing a greater role in future, according to Jeffrey Tessler, chief executive of Clearstream
Foreign commodity exporters to China seek RMB settlement after US fiscal cliff fears
Foreign commodity firms operating in China are settling via RMB in order to circumvent a potential weakening of the dollar
HKMA’s tight control over default data inputs reduces RWA significance
Hong Kong doesn't give local banks any latitude over the data inputs to their risk models, says one risk manager from the Special Administrative Region
Asia Risk Congress: Clarity needed on close-out netting
Panellists at Asia Risk Congress say there needs to be clarity on close-out netting in certain countries before establishing CCPs