Asia Risk/News
Hong Kong banks need to focus on local fund-raising strategies to meet Basel III requirements
Meeting Basel III liquidity requirements will mean banks in the Special Administrative Region will need to look locally, according to KPMG
SG launches first structured product under Singapore’s revamped regulatory regime
French investment bank becomes the first player to meet the Monetary Authority of Singapore heightened standards for structured product issuance in the city-state
Hedging drives demand for Japan dividend futures
Moves by Japan structured product dealers to hedge out their long vega risk have created opportunities in the dividend swap markets for investors. But is this strategy really a one-way bet?
RMB is gaining traction with corporates, Deutsche survey finds
Smaller companies can realise savings of nearly 5% when dealing with Chinese businesses by transacting in renminbi, says Deutsche Bank
UBS creates new chief risk officer role for Asia-Pacific
Hong Kong-based arm of the Swiss bank beefs up its Asia risk management capability
Eurex looking to clear OTC derivatives from Asian clients within 12 months
Eurex is latest clearing house to enter Asian market
Expansion of LNG supply to South-east Asia could boost swaps market
As a number of regasification plants start to come online, pricing agencies are looking to offer a region-specific benchmark with the potential to drive up use of LNG swaps
CFTC cross-border guidance a threat to ‘systemic stability’, say Asian regulators
Leading regulators from across Asia complain of the potentially negative impact of the US regulator’s latest proposals
Hong Kong Exchange announces trading of deliverable US dollar/renminbi futures
HKEx broadens type of RMB derivatives available to the market
Increased competition for Australian retail deposits won’t cause future liquidity issues
The impact of an increasingly competitive landscape for retail deposits in Australia will felt in pricing, not liquidity – with the growing appeal of other asset classes a more significant threat to deposit levels
LCH.Clearnet model ‘not appropriate’ for Australian market, say two domestic banks
Two Australian banks speaking at Risk & Return Australia are critical of LCH.Clearnet for not meeting local market needs with its central clearing operation
Korea transaction tax could halve number of derivatives transactions
Proposal for a transaction tax on futures and options could have a dramatic impact on Korea's derivatives market
Regulatory change will enable China insurers to reduce their asset-liability mismatch
China insurers now allowed to invest in hybrid, convertible bonds and infrastructure asset and real estate
On the move
On the move
Asia exotic commodity derivatives use to fall further on Ice initiative
Exotic commodity derivatives will become even less attractive to the Asian market following Ice's move to transform swaps to futures
Standard Chartered case highlights reach of US rules, experts say
Accusations that UK bank hid Iranian transactions are latest example of US authorities exporting compliance obligations
SGX puts margining framework in place for cleared securities
Singapore becomes the first exchange in Asia to implement Iosco principles
SG's head of cross-asset private banking sales exits
Departure of Janice Yu from the French bank is latest example of consolidation in the Asian derivatives sector
Growth in wealth products leaves China non-state banks exposed to liquidity risk
Smaller banks’ use of wealth management products to drive deposit bases poses liquidity and credit risk to broader sector
Exodus from Cargill’s Singapore operation
Entire palm and vegetable oil trading team exits trading house
Indian corporates head for forex options markets as rupee volatility continues
Indian firms move away from using forwards in a bid to grab upside benefits of future rupee appreciation
Mirae Asset Global Investments loses head of ETF business
Korean asset manager undecided on whether to replace Roger Liu
Asia CCPs unlikely to fully comply with Iosco before end-of-2012 deadline
New levels of complexity and ongoing regulatory framework discussions mean full compliance with Iosco’s new principles is unlikely before the January 1, 2013 deadline
Bank of Thailand concerned over ‘unintended consequences’ of Basel III
Thailand joins the Philippines and India in introducing Basel III capital adequacy requirements ahead of schedule but doubts remain over some aspects of the accord