Asia Risk/News
Swiss private bank UBP names Repkow chief executive for Asia-Pacific
Union Bancaire Privée has hired Stephan Repkow as its chief executive for Asia as the bank places the Asia-Pacific at the heart of its development plans.
Deutsche Bank's securities and exchange-trading operations banned in Korea for six months
Deutsche Bank's securities and exchange-trading operations have received a six-month ban in Korea for making 44.87 billion won ($40 million) in ‘illegal profits’ from market manipulation, following an investigation by Korean regulators; prosecution of…
DBS to debut CNH structured notes in Singapore; close-out settlement backstop in place to deal with China policy u-turn
DBS is set to become the first financial institution to offer renminbi structured notes and unit trust to private banking clients in Singapore on February 28. The bank has also drawn up contingency plans to address the policy risk of Beijing changing its…
Barclays Capital hires Valenzuela to head equity liquid markets distribution in Asia
Barclays Capital has hired Adrian Valenzuela to to head equities liquid markets distribution, including equity flow derivatives, in Asia.
Deutsche Bank takes offshore renminbi electronic on Autobahn
Deutsche Bank claims to be the first major dealer to offer offshore renminbi on an electronic trading platform, although forex broker EBS says it already offers a hybrid broking service for the offshore Chinese currency. Together, however, the…
JP Morgan names Aurangzeb as head of global corporate bank in Asia
JP Morgan has appointed Muhammad Aurangzeb as chief executive of its global corporate bank for Asia-Pacific in a bid to grow its wholesale banking business in the region.
Credit Suisse names Joseph Ho as head of ETFs for Asia Pacific
Joseph Ho joins Credit Suisse to strengthen its exchange traded funds business in Asia
Interest increases for container freight options in Asia
As the hedging market for freight becomes more liquid, container freight options are likely to play a greater part in the composition of trade prices between exporters and importers, according to Brian Dempsey, a director at Kerry Logistics.
SGX names DBS's Michael Syn as head of derivatives
Singapore Exchange has recruited Michael Syn as its first head of derivatives in a bid to bolster its trading business.
DBS risk chief fears Basel III liquidity rules still ‘not realistic’
Elbert Pattijn, chief risk officer at DBS in Singapore, believes modifications to Basel III liquidity rules made late last year may still fall short of industry requirements to meet the final regulatory definitions of high quality liquid assets.
Counterparty risk management at Asian asset managers found wanting
Institutional investors in Asia have some way to go to meet on-going regulatory requirements as set out by Dodd-Frank, the European Commission and other initiatives aimed at mitigating risks inherent with over-the-counter derivatives, a BNY Mellon survey…
Proof of exposure required before Indian companies can trade derivatives
New regulations will require Indian companies to prove they have an exposure that needs to be hedged
China plans onshore renminbi cross-currency swap
Chinese corporates will now have access to onshore and offshore hedging markets
CBRC chief adviser Sheng brands financial engineering ‘a cancer’
Andrew Sheng, a veteran regulator who acts as a chief adviser to China’s top banking regulator, believes ‘creative destruction’ needs to take place when financial engineering goes beyond an optimal level, as it did in 2007-2008.
‘Bizarre’ $555bn derivatives lawsuit in India rumbles on
Litigation claims fraud perpetrated by foreign banks and the RBI
CSRC to ban QFII quota use for China derivatives; ETF providers hit
The CSRC plans to ban derivatives dealers from using QFII quotas to on-sell derivatives mirroring CSI 300 index futures contracts to offshore clients. The move looks set to challenge ETF fund managers when hedging China index-tracking funds.
Kyobo Axa Investment Managers restructures top management
Eun-Soo Chung has secured the top job at Kyobo Axa Investment Managers with Arnaud Carcel acting as his deputy following a shake up at the investment company.
Edhec-Risk Insitute makes Asian debut in Singapore
Edhec plans to carry out research on the uses of derivatives instruments for portfolio management in Asia from its new Singapore office.
Citi and HSBC launch family offices to tap high-end private banking in Asia
Citi and HSBC have newly established family office units in the region just weeks after similar moves by Credit Suisse and UBS.
Oversubscribed CLO points to returning Asian risk appetite, more CLOs expected
Standard Chartered's most recent Start deal proved oversubscribed, suggesting a returning credit risk appetite in Asia. Meanwhile, more CLOs are expected this year.
Asian Financial Forum: China tests further easing of renminbi convertibility of capital account
China's State Council is advising the Shenzhen municipal government and local regulators about permitting renminbi conversion outside of currency restrictions
Asian Financial Forum: Call for Chiang Mai upgrades, shorts control
Asian regulators note the risk of future market volatility due to fund outflows from the region or external global difficulties, suggesting that both Chiang Mai and short selling are among topics that need attention.
Asian Financial Forum: China and Hong Kong to collaborate more on cross-border access and cross-listings of ETFs, says CSRC chief
Hong Kong and Shanghai are set to more closely align clearing and settlement systems enabling the cross-listing of instruments such as exchange-traded funds. Meanwhile, the Chinese authorities plan to encourage state-owned enterprises to launch so-called…