Asia Risk/News
China Merchants upgrades systems amid global derivatives push
China Merchants Securities has upgraded its risk management systems ahead of planned international expansion and efforts to offer more derivatives, exchange-traded funds and warrants services
Hedge funds hit by risk reversal fears in May and June
Hedges funds have grappled with poor performance during the past two months after global stock market tumbled, with investors parking their money in cash as the Greece sovereign-debt crisis weighted heavily on Asian markets
Market abuse is a bigger risk than financial short-selling
Effort by regulators to ban naked short-selling on financial stocks is misplaced, as market abuse from short-selling on small cap stocks based on insider information is a more real problem, says Lombard Odier's hedge fund arm
Hong Kong poised to launch dividend futures
Hong Kong Exchange and Clearing looks set to join rival Singapore Exchange in offering dividend futures contracts
Daiwa snaps up KBC's Asian equity derivatives and global converts business
Acquisition of warrants and ETF businesses is viewed as fast-tracking Daiwa's expansion in equity derivatives in Asia
Moodys: Japan SME CDO ratings to show stable to positive trends
Moody's report says large increase in Japan SME defaults unlikely as economy recovers
BNY Mellon names chief administrative officer for Asia Pacific
The US bank views the appointment as critical to ensure its infrastructure is in place to meet aggressive growth targets in Asia
Chinese banks pass extreme loan default stress test
Asian banks generally are well capitalised and look set to ride through the eurozone debt crisis with few problems, says Moody's
Crédit Agricole adds five to fixed income in Hong Kong
Crédit Agricole has bolstered its fixed-income team in Asia with five sales and trading hires
Asian traders lukewarm to renminbi despite US dollar-depeg
Asian exporters and importers are waiting to see more investment and hedging instruments for offshore renminbi before adopting the currency for trading
Asia's rich overtake Europe, says wealth report
Hong Kong's population of wealthy individuals more than doubled last year - the strongest crisis rebound in the world.
Market prepares for rising RMB
Swap rates and NDFs show traders expect the Chinese currency to rise after the weekend saw the end of its dollar peg
Deutsche Bank adds five to wealth unit in Hong Kong
German bank moves to increase its private banking coverage for North Asia
Swap lines better than foreign reserves during crises, research finds
Reciprocal currency swap agreements between central banks bolstered market stability in Korea during the crisis in 2007 and 2008
‘Moment of truth’ for the euro, says former BoE deputy governor
John Gieve says eurozone countries are showing the political will to ensure the currency block stays intact and expresses his support for the UK's new 'twin peaks' regulatory framework
JP Morgan names Cohen as Asia head of ultra-HWI private banking
US bank seeks to put in place senior management to take on the lucrative Asian wealth market.
Liquidnet debuts offshore alternative trading in New Zealand
New Zealand is poised to have what is believed to be its first offshore dark pool when Liquidnet launches its trading operation on June 22.
Korea moves to restrict FX derivatives leverage
Bank of Korea and Ministry of Strategy and Finance cut back leverage caps and limit corporate hedging of currency risks to 100% from 125% of exposure
Hong Kong structured product providers warm to ‘cooling off’ period
New SFC rules will also force dealers to offer secondary pricing
Korean securities firms seek new technology to offer complex products
Hyundai Securities’ signs landmark deal with Sophis in bid to offer more complex products
QFII investors may get access to exchange futures in China
SHFE considering allowing foreign institutional investors access to commodities futures contracts through QFII scheme