Asia Risk/News
Daiwa moves for Korea derivatives licence and reaffirms Asia expansion drive
Daiwa Capital Markets finalised its purchase of the Asian equity derivatives and global convertible business of KBC today, and reaffirmed its Asian expansion drive with a bid to secure licences in South Korea
Asia Risk Congress 2010: Hong Kong finance official says government is pushing China to further ease controls on ‘dim sum' bonds
Asia Risk Congress 2010: Hong Kong finance official says government is pushing China to further ease controls on ‘dim sum’ bonds. Meanwhile, an open-ended renminbi bond fund by Income Partners is launched
Asia Risk Congress 2010: ING risk head admits mispricing variable annuities
Industry has underpriced variable annuities, conference hears
Asia Risk Congress 2010: Asian banks prepare for national clearing houses
Several Asian nations could compel their banks to clear swaps in-country - others seek to join foreign CCPs on special terms
Asia Risk Congress 2010: G-20 summit a success on regulation, says Korean official
In his keynote speech, Korean regulator Jong-Goo Yi highlighted the G-20's success in agreeing international regulatory reform.
$300m net inflow to Asia hedge funds in Q3, says HFR
Net assets invested in Asian hedge funds rose by more than $300 million during the third quarter, according to research by Chicago-based Hedge Fund Research
On the move
On the move
RBC acquires Fortis Wealth Management Hong Kong
The Canadian bank wants to hire up to 300 wealth management staff in Asia during the next four years.
Janssens to head JP Morgan treasury & securities services in Japan
The US bank's treasury and securities services chief for Asia, Thomas DuCharme, has named his team heads for Japan and South-east Asia
Central banks move to bolster liquidity in Islamic paper
Eleven central banks and monetary authorities are teaming up with Islamic multilateral organisations in an effort to bolster supply of highly rated, short-term Islamic paper through an entity called the International Islamic Liquidity Management Corp…
Malaysia’s 'Islamic Mifid' dream faces reality check
Malaysia is driving efforts to standardise Islamic finance to enable the creation of cross-border markets for sharia-compliant products. But regulators and market participants in Islamic states say no agreement is likely in the near future.
Credit Suisse launches algorithmic trading in Australia
Credit Suisse has expanded it AES Velocity ultra-low latency trading in Australia after launches in Hong Kong, Japan and Singapore this year
Russia to tap Islamic finance to help meet $1 trillion infrastructure bill
Russian corporates and infrastructure companies are increasingly turning to Asia and the Middle East to help meet their financing needs
Basel’s new 7% equity capital minimum welcomed
Basel’s new 7% equity capital minimum welcomed
Thai Islamic Bank head: Thai government may issue sukuk in 2011 after law change
Approval of new tax structures to facilitate sovereign Islamic bonds based on real estate holdings expected soon
Asia now the world's biggest regulated derivatives market, FIA says
Asia overtook North America as the biggest exchange-traded derivatives market for the first time during the first half of the year. And the exchange derivatives market may continue growing after the Dodd-Frank Act and other regulatory reforms, market…
Global OTC derivatives widely dispersed, Isda survey finds
Five largest US-based dealers hold 37% of total notional, trade association says
New value in Korean bond/swap basis play?
Upheaval in the currency markets as a result of fears of protectionist action by a number of emerging market countries to defend their competitive positions has created a raft of threats and opportunities in the financial markets, including a new play on…
Deutsche Bank bolsters South-east Asia private wealth unit
Deutsche Bank's goal is to add more than 80 relationship managers across the region during the next two years, according to Ravi Raju, head of Deutsche Bank private wealth management Asia Pacific
Daiwa names Tony Wong head of FICC sales for Asia ex-Japan
Tony Wong's appointment follows a series of senior hires made by Daiwa’s FICC division earlier this year
ADB prices first offshore supranational renminbi bond in Hong Kong
The Asian Development Bank can swap the renminbi bond into floating interest rates, subject to market conditions
Standard Chartered snares Alan Koh as global head of energy sales
Morgan Stanley veteran Alan Koh has joined Standard Chartered as global head of energy in Singapore
More offshore renminbi currency pairs to go electronic
Icap plans to launch electronic cash trading for offshore renminbi against yen, Hong Kong dollars and euros within weeks to support its renminbi/ US dollar initiative.
HSBC names Legg as new Asia CFO
UK bank unveils former derivatives and financial control executive as its new chief financial officer for the Asia-Pacific region