Asia Risk/News
India’s CCIL set to become currency options trade repository
The Clearing Corporation of India is already well ahead of rivals in Asia when it comes to receiving OTC interest rate derivatives data. It now looks set to become the country’s trade repository for non-rupee currency derivatives, as the clearer moves to…
Risk Japan 2011: Too-big-to-fail rules should be scrapped in favour of ‘bridge banks’
Japan looked at the need to impose excess capital for systemically important financial institutions in the 1990s and rejected it in favour of ‘bridge banks’ which could inherit losses in the event of a major bank getting into trouble. One university…
Risk Japan 2011: Japan, Europe need to team up to address Dodd-Frank extraterritoriality
Speakers on a panel at Risk Japan 2011 in Tokyo on August 30 debated the effects of international regulatory developments on Japanese financial institutions. Some parties believe Japan needs to team up with Europe to push back on Dodd-Frank…
Risk Japan 2011: MUFG risk chief hits out at supervisors on RRPs
Masao Hasegawa, CRO at Mitsubishi UFJ Financial Group, says he was taken aback by a regulatory requirement to develop a resolution and recovery plan before year-end
Risk Japan 2011: Mizuho Securities CRO praises Fed's Jackson Hole position; looks to Japan's new prime minister on JGB security
During a question and answer session at Risk Japan 2011 in Tokyo today, Mizuho Securities chief risk officer, Kenji Fujii, tells delegates Fed chairman, Ben Bernanke, was right not to have announced a new wave of quantitative easing last week. He also…
CME delays dollar/renminbi futures due to settlement system issues
The US exchange operator hopes to create a transparent, liquid futures contract for renminbi, offering an alternative to the privately negotiated market. But the launch was delayed due to settlement system problems and some traders believe the exchange…
Deutsche pips UBS to BT Financial deal
Deutsche Bank has secured a contract to offer CPPI to clients of BT Financial in Australia, via its wrap platform.
RBS hires Hua for China role
Qing Cheng Hua joins RBS China from JP Morgan Chase
SOR headache for Singapore banks as rates enter negative territory; MAS defends stance
Profits at banks in Singapore issuing mortgages and loans based on SOR may be severely dented as the rate turned negative for the first time last week and is predicted to remain this way in the medium term
Promontory hires Newman and Gould to lead greater China office
Frank Newman, former US Treasury deputy secretary, and Ronald Gould, ex-UK FSA senior adviser, join the consultancy's China operations
Korea short-selling ban leaves dealers reeling
Korean regulators unveiled a three-month short-selling ban in a bid to calm equity markets following a 17% fall in the Kospi since the start of this month. The prohibition went live on August 10, forcing major dealers to unload excess stock inventory at…
Risk & Return Australia 2011: Co-ordinated supervision critical for global financial stability
Speakers at Risk & Return Australia 2011 believe the ability of supervisors to implement regulation around the world in a consistent manner is the most critical component to financial regulatory reform. They also believe the timeframe for new rules needs…
On the move
On the move
Tough regulation seen as key to India’s success
Protectionism pays
Video: Birla Sun Life’s Rama Vasantharajan on risk and regulation
Birla Sun Life’s Rama Vasantharajan believes regulation plays a critical role in preventing financial institutions from collapsing. She also discusses enhanced risk management after the global financial crisis as well as the dangers of systemic risk…
Taiwan's Gretai Securities Market to set up trade repository
Taiwan's Financial Supervisory Commission wants Gretai Securities Market to run an OTC trade repository for all asset classes. The move comes as large dealers fear a proliferation of new repositories in Asia will place an undue reporting burden on their…
Offshore CNY deliverable forwards in Hong Kong to outgrow NDFs
Rising offshore renminbi interbank rates in Hong Kong have made its deliverable forwards market the cheapest forum compared with NDFs and onshore forwards for corporates to hedge, bankers say
Credit Suisse reshuffles Asia executives to increase focus on private banking
Credit Suisse has named Marcel Kreis as chairman of private banking Asia Pacific and Francesco de Ferrari as head of private banking Asia Pacific from January 1, 2012
Foreign banks get temporary respite from China’s new ‘Volcker rule’
Foreign banks in China, particularly thinly capitalised branches that are not locally incorporated in the country, greeted a decision by China’s banking regulator to postpone rules aimed at limiting non-hedging business onshore with relief this month…
Video: Reliance Capital's Lav Chaturvedi on risk management in India and the dangers of reg arb
Lav Chaturvedi, chief risk officer at Reliance Capital, speaks about the challenges facing the derivatives industry in India, including the introduction of a credit default swaps market, and the dangers of regulatory arbitrage in the current regulatory…
Citi reverses stance on Lehman notes offering $136m group repurchase settlement
Citi has become the final major bank to reach a repurchase agreement with Hong Kong regulators on Lehman Brothers related structured products. But Lehman-related enforcement action is expected to rumble on.
HSBC Global Asset Management appoints new Asia CIO
Bill Maldonado, who was a derivatives portfolio manager in the 1990s, is transferring from London to become chief investment officer for HSBC Global Asset Management in Asia
On the move
People moves across Asia
CME names Le Noble head of Asia
Former Newedge Japan head, Julien Le Noble, has taken on the top position for CME Group in Asia. He will be based in Singapore