Asia Risk/News
Property derivatives fail to offer hedge options against price collapse
The development of a property derivatives market in Asia stalled during the financial crisis of 2007-2008 and has failed to regain any real momentum, presenting a gloomy outlook for the business. But some parties believe the introduction of retail…
JP Morgan’s Asia commodities chief Dawe quits
Oral Dawe built up JP Morgan's commodities business into one of the largest platforms in Asia since joining the US bank from Goldman Sachs in 2008.
CIC gets Fed approval for Morgan Stanley stake
The Chinese sovereign wealth fund has committed to the US Federal Reserve that its interest in Morgan Stanley will remain a passive investment and that it has committed to not exert controlling influence over the bank
Crédit Agricole moves Lainé to lead financial institutions group in Asia
Crédit Agricole CIB names Frédéric Lainé as head of financial institutions, considered a key strategic client segment for the bank. Graham Willams has been promoted to head fixed income for Asia ex-Japan.
Risk Australia: Basel III being hijacked by politicians in Europe and US; ABA chief slams levy buffer as tax 'export’
Australian bankers attending Risk Australia in Sydney were worried that reforms aimed at supporting other countries' financial sectors may weigh heavily on their own shoulders.
Risk Australia: Banks ignored uncertainty in run-up to crisis
Pay more attention to unknown unknowns, Debelle advises
Risk Australia: Banks move to more liquid assets
More government bonds and changes to Treasury policy to make funding more secure
Man’s $21bn quant fund sees no need for high frequency trading
AHL, the managed futures single manager of Man Investments, says it sees no need to participate in the high-frequency area to secure alpha from its trend-following strategy.
HSBC global asset management appoints Asia head for sovereigns
Sovereign and Quasi-sovereign entities, which make up the majority of institutional assets in Asia-Pacific, are strategically critical to growing HSBC's regional institutional business, said Rudolf Apenbrink, chief executive officer of HSBC Global Asset…
RBS adds two for Asia financial institution group
Kenneth Tung takes over role as head of FIG Asia-Pacific from James Pearson, who has left the bank
Citi adds new head for Asian FX team
Citi continues Asian FX team expansion by relocating Perret-Green from Citi's Europe markets division to Asia to head FX strategy. Citi says its foreign exchange daily trading volumes exceed $15 billion a day in Asia.
Ginga debuts electronic coal trading in Asia
The Singapore-based broker aims to use technology to gain market share in the Indonesian sub-bit coal swaps market.
RMB-denominated OTC derivatives poised to take off in Hong Kong
The renminbi deliverable forwards market has hit at least $28 million during the first month of trading following an agreement in July between the the PBOC and HKMA that enabled Hong Kong to act as an offshore centre for the Chinese currency.
Indian regulator tightens derivatives rules
Sebi has banned mutual funds from writing options and placed prudential limits on the amount of derivatives investments that can be made by mutual funds in the country in a bid to tighten regulation
Former BoA chief risk officer Curl joins Singapore's Temasek as president
Temasek has hired former BoA CRO Gregory Curl and promoted Simon Israel as co-presidents to work alongside existing president and former SGX chief executive, Hsieh Fu Hua
Asian banks in OTC derivatives reconciliation drive
Efforts by Isda and international banks to get Asian counterparties to use portfolio reconciliation services for OTC derivatives are starting to pay off
Citi names Asia-Pacifc head for wealth management investment products
Paul Hodes will relocated from Malaysia to Singapore to look after traditional managed investments in Asia for Citi's wealth management unit.
UBS snares Siddiqi as head for fixed-income corporate coverage in Asia
UBS hires Siddiqi to head Asia-Pacific FICC corporate coverage group as part of an effort to build up its fixed-income operation in the region
FSC clamps down on unsecured lending while bolstering Korean repo market
Reform to broaden the use of the onshore repo market in South Korea is expected to help smaller banks and financial institutions better manage their short-term funding and reduce systemic risk. It should also facilitate the development of interest rate…
China beefing up derivatives master agreements; possible Isda friction?
Efforts by Nafmii to bolster the definitions of China’s over-the-counter derivatives master agreements should help market development. But there are concerns about potential copyright infringement related to Isda master agreements.
Standard Chartered hires Arnold to head South-east Asia financial market sales
David Arnold joins Standard Chartered in Singapore from BNP Paribas in Hong Kong.
SMX gets nod from MAS to start operations
The Singapore Mercantile Exchange plans to create a commodity and derivatives trading platform on a par with the best global exchanges in New York and London.
Standard Chartered names Oswald as global head of fixed-income research
The UK-based bank has named an emerging markets specialist with a strong quantitative pedigree to run global fixed-income research