Asia Risk/News
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
Nomura snares RBS's Melph as global head of central bank and sovereign wealth sales
Central banks and sovereign wealth funds have become an increasingly important source of revenue for derivatives dealers.
Haitong debuts RMB mutual fund in Hong Kong
The head of Hai Tong Asset Management in Hong Kong, which debuted the financial centre’s first renminbi mutual fund, says he expects an offshore renminbi convertible bond to emerge in Hong Kong and believes Beijing will approve a ‘mini-QFII’.
HSBC focuses on India, promotes country chief Kidwai to board
Chief executive Michael Geoghegan said the appointment reflects the importance of India in the bank's emerging markets strategy.
Morgan Stanley hires new Japan e-trading head
Takayuki Saito will become Japan head of Morgan Stanley electronic trading, which offers an algorithmic trading suite and various direct market access (DMA) strategies.
UBS rebuilds equity derivatives unit in Asia
The Swiss bank has hired Julien Bahurel from Morgan Stanley, promoted Michel Lee and recruited Gilbert Langner from Timber Hill in a bid to rebuild its equity derivatives business in the Asia-Pacific region.
Basel III watered down by politics and not fit for purpose, says CLSA risk chief
The most recent draft of the Basel III proposals has been watered down by politics, according to an Asian risk officer.
Investors inject $360m of new capital into Asian-focused hedge funds in Q2
Hedge funds in Asia were the recipients of large net asset fund inflows during the second quarter of 2010, reversing the trend witnessed in the first quarter
China's gold market liberalisation may boost derivatives take-up
China's new guidelines for developing the gold market could result in more gold derivatives in the country.
StanChart sees no need for Basel III capital
Standard Chartered (StanChart) believes it is already well capitalised and has no plans to react to Basel III proposals by building up more capital.
Korean linker volumes soar after introduction of deflation floors
The resumption of issuance of government linkers, which now include deflation floors, should aid the development of inflation derivatives in South Korea
Deutsche’s Loh to run Asia CIB, including Japan and Australia
In Asia, Deutsche Bank's corporate and investment bank revenues account for more than 90% of total revenues, at €2.96 billion in 2009.
RBS lands BAML structured products sales team
RBS hires four Bank of America Merrill Lynch sales staffers in Hong Kong, including Abhinav Gorawara
Basel III leverage ratio compromise ‘temporary’
Architect of Hong Kong dollar currency peg believes regulators outside Asia must do more to address threat from 'shadow banking'
UBS to appoint HKMA veteran Yam to its board
Joseph Yam was also named by sovereign wealth fund China Investment Corp as an one of its international advisers early this month.
ICBC’s Wang warns on eurozone debt contagion and Chinese property fears
In a contribution to Asia Risk’s 15th anniversary edition, Wang Lili, executive director and senior executive vice-president of Industrial and Commercial Bank of China, cites the European sovereign debt crisis as a key risk management challenge for…
Banks scramble to offer renminbi products as Hong Kong gains offshore interbank status
Creation of offshore renminbi interbank market in Hong Kong is seen as boon for new investor products
Aon Benfield launches first pan-Asian typhoon model for cat risk
Two companies offer new insurance products covering typhoon catastrophe risk in Asia
RBC: Japanese limits on margin trading will weigh on Aussie/yen cross in August
Japanese plans to limit leverage on margin trading to a maximum of 50 times collateral in August could affect Australian dollar/yen cross rates.
Citi names new head of markets for South Asia
Pankaj Vaish joins Citi as head of markets for South Asia from Nomura.
JP Morgan hires StanChart's Flavel in Asian high-net-worth push
Peter Flavel is expected to join JP Morgan Private Wealth Management Asia in the fourth quarter as part of US bank's expansion in the region
HSBC survey: Hong Kong individuals most affluent in Asia
Hong Kong affluent individuals hold average liquid assets of $301,289, almost double Singapore’s at $183,145 and Taiwan’s at $155,162.