Asia Risk/News
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
Asia braced for Trump extraterritorial impact
Doubts about pan-Asian response to any increase in Western financial protectionism
Trading stalls on China's new CDS market
No transactions after first day of trading, while price discovery is problematic
Ringgit NDF market collapses after central bank curbs
"Implicit threat" to banks that continue trading non-deliverable forwards
Non-cleared margin rules confuse Asian private banks
Exotic OTC products for Asian high-net-worth investors could be under threat
SG buys $1.3 billion Japan CDS portfolio
French bank strengthens position in Asia
Brexit will hit equivalence decisions, warns Iosco chair
Asia may face harder negotiations with EU as result of Brexit
China rates swap prices diverge on spotty CVA practices
Most local banks not passing on capital charge to clients, say traders
Vietnam plans to streamline commodity hedging rules
Regulator to simplify approval process for trades, but the market will take time to develop
People: JP Morgan names equity co-heads to replace Throsby
Leung and Sippel new equity co-heads; BNY Mellon's new Apac chairman; StanChart's commodities head; and more
Asia resolution rules risk conflict with G-Sib home regulators
Branches fear local regulators could ask banks for confidential home market information