Asia Risk/News
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
Taiwan’s derivatives clampdown may slow innovation
Market participants fear new approval requirements will hinder structurers
Derivatives bail-in raises questions in Hong Kong
Banks seek clarity, but regulator wants maximum flexibility for its bail-in decisions
Lack of sellers could hold back Chinese CDS market
Demand for credit protection increases, but traders say sellers will be hard to find
China opens up onshore swap market but hurdles remain
Foreign investors can now hedge CNY bonds but dealers expect limited uptake
Shanghai to be first CCP to clear forex options
New service to debut in August, but liquidity risk has stalled other CCPs
Mifid speeds drive towards regional swaps-booking models
Brexit adds impetus for decentralisation of booking hubs to Asia
Death knell sounds for India's P-note trade
End to offshore tax exemption would hit equity-based offshore trading product
People: Citi appoints new Asia-Pacific commodities head
Stuart Smith to join Citi; Nomura loses Apac fixed-income exec; Alder named Iosco board chair; and others
US, EU uncleared margin rules ‘impossible’ for Asia
US, EU insistence on next-day variation margin settlement criticised by Apac lenders
LCH-JSCC basis to boost XVA acceptance in Japan
Prices now "can't be explained without reference to XVAs", says Nomura credit head
Asian private bank clients switch to rate structures
Stock market falls steer clients away from traditional equity focus
Asian banks plead for extra time on Basel credit risk reforms
Switching to the standardised approach for credit modelling could have an impact on their legacy books
Bangladesh Bank theft shines light on cyber risk
Banks and regulators increasingly concerned amid high-profile cyber security breaches
India proposes tough uncleared swap margin rules
RBI underscores India's status as a non-netting jurisdiction
Australian banks fear loss of rates trading name give-up
A push towards anonymous trading via platforms could undermine counterparty risk management
People: SocGen promotes Garnier to head of Apac global markets
Garnier replaces Drouet, who became global markets head; Agne leaves Goldmans; new governor for Bank Negara Malaysia
Goldman Sachs' head of Japan securities division exits
Mark Agne leaves after 17 years
India joins global move to tighten CCP capital standards
Putting CCP capital on the front line is a prerequisite for the EU granting clearing equivalence
Aussie market clearing well ahead of April mandate
Largest onshore derivatives dealers already caught by US and European rules
OCC "pushing big time" for SEC-EU equivalence deal
Clearing house could lose up to 25% of its members without agreement
India’s public sector banks warming to CSAs
Bankruptcy law reform could prompt a shift in attitude at State Bank of India
CCP recovery funds would inspire risk management – JFSA
This approach would align the interests of clearing houses and their members
Australian banks fear statutory approach to TLAC
Bail-in rule for all senior debt could drive up funding costs significantly