Asia Risk/News
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
Asia warned to learn lessons on non-cleared margin rules
Experts say Asian participants must intensify preparations for implementation deadline
Volatility fears obstruct China Treasury futures growth
Commercial banks barred despite support for their entry from securities regulator
People: ASX drafts in Stevens to replace ousted chief executive
Dominic Stevens new chief exec at Aussie exchange; SG's prime services Japan hire; new CROs for Axa and Allianz; and others
SGX to charge negative interest to clearing members
Excess euro and yen cash deposits expected to generate 20–40bp charge
China FX forward rules set to boost renminbi options market
PBoC extends reserve requirements on onshore forwards to foreign banks
Indonesia looks to bring $10bn forex hedging market onshore
Central bank seeks ways to improve corporate risk management
China leverage clampdown to hit two-tier structured products
Product issuers look to derivatives to boost returns, but options are limited
HKEx: real-time settlement key to cross-currency swap clearing
JSCC and KRX also said to be working on cross-currency swap clearing offerings
India hesitates on physical settlement for commodity options
Sebi wrestling with shoddy warehousing infrastructure
People: Management shake-up at Societe Generale South Korea
Senior moves at SG in Korea; Axa Asia's COO; StanChart's Murthy retires; and others