Asia Risk - **VOLUME 14/ISSUE 11

A lighter touch

In August, the Bank of Thailand relaxed its regulations covering the use of derivatives. Chris Wright takes a look at the effect this is having on hedging and investment in the country

Replicating success

The financial crisis drummed home to many banks the advantages of quickly calculating exposures and executing hedges for complex portfolios. As a result, some banks are looking to the insurance sector and their use of replicating portfolios.

Derivatives onshoring

New rules coming into force in many jurisdictions in Asia are challenging the ability of global financial institutions to operate a hub-and-spoke business model for their derivatives businesses.

Unbroken China

The global financial crisis had an indirect but significant impact on Chinese banks, which have had to manage the risks linked to the country’s large credit expansion in 2009. Financial institutions have also learnt useful lessons from the collapse of…

Limits on leverage

Dealers have rushed to hook up their foreign exchange platforms to e-brokers offering foreign exchange leverage services to Japanese consumers collectively known as ‘Mrs Watanabe’. But new rules threaten to spoil the party. How are dealers responding?…

Out of wedlock

Western dealers and their Chinese counterparts have fundamentally different views on how the use of collateral agreements should underpin repurchase agreements and financial derivatives transactions. This culture clash is causing acute problems for China…

Insurance inroads

Structured product manufacturers have targeted the insurance sector as a potentially important new distribution channel following the collapse in volumes of products sold through retail banks in the region. Ben Marquand finds out if they are gaining…

The thirst for liquidity

Bank supervisors the world over are set to revise liquidity requirements for financial institutions in a bid to improve financial stability. But the banking community – already struggling under the weight of new regulation – is not convinced the efforts…

Rattled by ‘reg rage’

Financial risk management professionals are bracing themselves for a torrent of new rules and regulations in 2010, now the extreme levels of stress have abated. And the supervisors say they only have themselves to blame. By Asia Risk staff

Asia Risk interdealer survey 2009: Brokers

Interdealer brokers showed their mettle during the worst periods of the financial crisis, but have subsequently been rewarded by thin margins and low volumes across asset classes in the past six months.

Asia Risk interdealer survey 2009: Dealers

The over-the-counter interdealer derivatives market effectively broke at the height of the financial crisis meaning the ability of dealers to lay off their risks became severely restrained. While the market has recovered, its future direction and…