Asia Risk/News
Asia Risk Congress: LCR drives expanding regional liquidity swap market
Insurers providing liquidity swaps to banks is a growing trend in Asia
Asia Risk Congress: Collateral requirements will hit derivatives trading volumes
Panellists at Asia Risk Congress say collateral management rules will reduce activity in areas such as structured products
Asia Risk Congress: Local trade repositories are necessary, says HKMA’s Lee
The benefits of local trade repositories outweigh the possible disadvantages of multiple reporting requirements, says executive director of HKMA’s financial infrastructure unit
IMF: CCP structure increases systemic risk
The likely increase in the number of central counterparties will create more 'pockets of risk', says senior economist
Volumes of swaps trades between US and Asian firms recover
A recent Dodd-Frank-led decline in swap volumes between Asian and US counterparties has been reversed following CFTC intervention
Philippine early implementation of Basel III capital ratios politically motivated
The decision to bring full Basel III compliance in five years ahead of the final deadline is based on politics rather than economics, according to one risk manager
RMB/Africa currency hedging sees ‘substantial’ growth in past 12 months
Increasing levels of trade between Africa and China have driven the emergence of an increasingly active RMB derivatives market
Hong Kong insurers hedge out their US dollar exposure
Insurers in Hong Kong are revising their long-term policy of not hedging out their US dollar exposures
Fatca delay simply “smoke and mirrors”
Moves by US authorities to delay implementation of portions of Fatca provide little relief for institutions
China to widen RMB trading band again before end-2012
A speaker at FX Week Asia argued that further liberalisation of the RMB was on the cards in the near future
Korea to miss OTC clearing deadline
It is ‘highly unlikely’ that Korea will meet the deadline to start clearing OTC derivatives by January 1, 2013 due to legislative delays, according to market participants
On the move
On the move
JSCC reviews capital threshold for clearing membership
Japan’s central counterparty proposes a 20-fold lower capital threshold for membership for it to qualify as a recognised clearing house under US rules; it also started successfully clearing yen interest rate swaps as of last week
CCIL trade repository reporting to extend to all currencies
After the initial launch in July, CCIL moves to phase two in its trade repository build-out
Loh Boon Chye joins BAML to head Asia global markets
Ex-head of corporate and investment banking at Deutsche Bank Asia-Pacific switches to Bank of America Merrill Lynch
GFI extends ForexMatch into Asian and African currencies
The interdealer broker is expanding the footprint of its forex derivatives platform by adding Asian and African currency pairs
SGX proposes to drop clearing member minimum share capital from S$1bn to S$50m
First Asian exchange to offer client clearing looking to dramatically alter the terms to become an OTC client clearing member
Philippines needs electricity futures market, says energy merchant
US-based trading firm bullish on the potential for energy trading in the Philippines
Asian energy markets liquid enough to sidestep Dodd-Frank compliant firms
The extraterritorial impact of the US Dodd-Frank could be sidestepped by Asian players opting to conduct swap trades with players outside of the regulation’s orbit
New governor signs revised policy target agreement in New Zealand
The Reserve Bank of New Zealand’s policy targets agreement will come into effect on the same day Graeme Wheeler takes over as governor; document includes "stronger focus" on financial stability
Demand for commodity-linked structured products ‘almost dead’
Panellists at the Structured Products Asia conference were downbeat over the prospects for commodity-linked structures
Basel III guidelines may increase systemic liquidity risk for Indonesian banks
A reliance on liquid demand deposits may pose problems for Indonesian banks with no other obvious sources of funding
Critical mass reached in iron ore swaps market as traders boost liquidity
Falling iron ore prices are ramping up market liquidity to the extent that hedge funds are entering the market as a China proxy
On the move
On the move