Asia Risk/News
China TLAC uncertainty frustrates capital planning
Banks face $1 trillion issuance crunch if regulators take too long to define bail-in debt
Documentation concerns slow CNY forex derivatives growth
Foreign fund managers need clarity before market can take off, say banks
People moves: UBS nabs Barclays’ former Asia equity head
Plus: new equity head for HSBC; ANZ adds rates strategist; Jones leaves LME; and others
China’s insurers wrestle with ALM as liabilities lengthen
Clampdown on overseas investment fuels pressure to find long-duration domestic assets
Japanese banks fear 20% TLAC increase
Recalibration of Basel risk weights raises fresh concerns over bail-in buffer levels
Collateral issues see Korea opt for six-month VM transition
Move will bring country into line with Australia, Hong Kong and Singapore
Philippines will allow proxies as IFRS 9 stopgap measure
Central bank to issue guidelines to help address the shortage of data for compliance
Australian VM relief undermined by backloading rule
Trades entered during six-month transition period will need margin from September 1
Mifid equivalence delay threatens Hong Kong dual-listed stocks
HSBC, Stan Chart and Prudential shares could face trading disruption in 2018
People moves: Citi axes second Asia-Pac clearing head in 18 months
Deutsche loses Asia head of global markets; StanChart hires HK chief; new Singapore head for Credit Suisse; and others
VM rules may spark Asian migration away from EU/US banks
Six-month transition could make inter-Asian trades cheaper, but only if liquidity is sufficient
People moves: Natixis appoints new head of Apac global markets
Singapore MP joins Ice; FastMatch hires sales chief; RBNZ's new risk assessment head
US dealers face trading lockout from small Japanese banks
Lack of substituted compliance for Japan's small bank margin rules causing concern
Offshore RMB hedging costs soar as CNY/CNH basis hits record
Corporates "don't have a choice" about hedging
Banks urge co-ordinated Asian reaction to CFTC swaps rule
Banks call for Asian regulators to unite against US supervisory overreach
Julius Baer calls for private bank margin rule exemptions
Existing client collateral provision sufficient, says firm
Credit Suisse and StanChart cut Asia derivatives staff
Both banks have cut derivatives headcount by a dozen
People: SGX’s new fixed-income origination head
Plus: ANZ Taiwan CEO; DBS Private Bank hires Ioannou; global risk head for ADS Securities
Indonesia urged to go further to build hedging market
Banks warn that bringing call spreads onshore is not enough and could produce distortions
CSRC: commodity futures speculation not moving spot prices
Eye-watering one-day moves on China spot commodity markets due to “supply and demand”
US banks fear margin rules could hit emerging Asia liquidity
Unequal margining requirements may be a turn-off for local counterparties
Indian CCP equivalence push hits data protection roadblock
CFTC demands India’s clearing house hand over information on trades involving US persons
People: CME hires new energy head for Asia-Pacific
Plus: Commonwealth Bank's new commods hire; SocGen's Ricke moves to UK; Icap's Apac appointment
SGX rules out VM haircutting in recovery planning
Hitting variation margin "inappropriate" in Singapore context, but some bankers support its use