Asia Risk - Jan/Feb 2018
January/February 2018 issue features articles on: Asia banks and new anti-money laundering rules; Bond Connect upgrades pave way for real-money investment; op risk capital and Basel’s new SMA; new China oil futures contract slated for March launch
Articles in this issue
The DIY approach to China bond investing
Lack of international ratings means foreign investors will need research resources of their own
Asian administrators in denial on EU benchmarks regulation
Non-EU benchmarks have until 2020 to comply, but swaps contracts may need to change immediately
Derivatives close-out netting nears approval in India
Legislation expected early next year will clarify that local banks can use technique, say lawyers
HKMA offers fast-track model vetting in swaps hub pitch
Streamlined process could take just six months, says official
Basel set to hammer Japanese megabank capital ratios
Sharp increase in risk weights for unrated corporates could lead to 30% jump in RWAs
Maijoor defends late LEI relief amid industry frustration
Esma chairman says early Mifid relief would have removed incentives to register LEIs
Asia moves: StanChart’s China head, new chief for Bank of China HK
Latest job changes across the industry
China’s Bond Connect set to remove trading obstacles
Launch of delivery versus payment and block allocation should stimulate onshore hedging as well
Apac banks dodge op risk capital hit from new rules
Chinese lenders have largest capital requirements in region; banks expect muted increase on average
China oil future approved, March start targeted, says source
International banks see healthy interest from overseas clients
1MDB looms large in Asian banks’ war on money laundering
Banks in Asia-Pacific spurred by tougher enforcement and stricter AML rules
CVA dismay: final Basel rules disappoint dealers
Minor tweaks don’t make up for removal of internal modelling, say banks
Bitcoin futures pricing kindles manipulation fears
CME and CBOE insist pricing methodology is robust; critics say contracts are ripe for manipulation
Swift’s CRO on Bangladesh Bank heist, cyber risk and DLT
Quraishi lays out Swift’s approach to members’ security, and technological risks and opportunities
Risk culture: banks fall short in eyes of staff
Many risk managers believe their banks have work to do on understanding, measurement and management of risk culture
Reducing noise is as important as radical change
Quants study ways to reduce noise in XVA Greeks calculations
Evolutionary algos for optimising MVA
Alexei Kondratyev and George Giorgidze apply two evolutionary algos to MVA optimisation
