Articles by Viren Vaghela
Video: Birla Sun Life’s Rama Vasantharajan on risk and regulation
Birla Sun Life’s Rama Vasantharajan believes regulation plays a critical role in preventing financial institutions from collapsing. She also discusses enhanced risk management after the global financial crisis as well as the dangers of systemic risk…
Credit Suisse reshuffles Asia executives to increase focus on private banking
Credit Suisse has named Marcel Kreis as chairman of private banking Asia Pacific and Francesco de Ferrari as head of private banking Asia Pacific from January 1, 2012
Video: Reliance Capital's Lav Chaturvedi on risk management in India and the dangers of reg arb
Lav Chaturvedi, chief risk officer at Reliance Capital, speaks about the challenges facing the derivatives industry in India, including the introduction of a credit default swaps market, and the dangers of regulatory arbitrage in the current regulatory…
Citi reverses stance on Lehman notes offering $136m group repurchase settlement
Citi has become the final major bank to reach a repurchase agreement with Hong Kong regulators on Lehman Brothers related structured products. But Lehman-related enforcement action is expected to rumble on.
Asia readies for new hedge accounting rules
Brought to account
US still has no plans to give Asian sovereigns Dodd-Frank exemption, says Hong Kong regulator
Asian countries are concerned about the lack of Dodd-Frank Act CCP exemptions for sovereigns; proliferation of CCPs carries its own risks, say dealers
Risk India: Tough regulation needed for 'quality' growth
Panel discussion focuses on the need to control fast-growing financial sector, and learn from regulatory conflicts in US and Europe
Risk India: ETFs set to grow in India, but regulators wary of systemic risk
A panel of experts at the Risk India conference in Mumbai believes the ETF market is set for growth in India, but expressed concern about synthetic products
Industry chiefs call for Asian credit rating agency; 'big three' too ‘US-centric’
Senior industry figures in Asia, including outgoing SFC chief Martin Wheatley, say Asia needs an internationally recognised ratings agency to compete with Fitch, Moody’s and Standard & Poor’s.
Outgoing SFC chief slams Geithner on regulatory arbitrage comments
Martin Wheatley, the outgoing chief executive of the SFC, dismissed suggestions Asia may attempt to use regulatory arbitrage to the detriment of the US; Alexa Lam, named as the interim CEO
BNY Mellon names Alan Harden as first CEO for Asia-Pacific
BNY Mellon Asset Management has hired Alan Harden from ING Investment Management as its first chief executive for the Asia-Pacific region.
Korean regulator cracks down on scalpers arbitraging warrants market
The FSC in South Korea has introduced new measures aimed at stopping scalpers from making undue profits in the warrants market. But dealers are concerned the new rules are inadequate and may shrink the market unnecessarily as a consequence.
Asia’s banks move to meet new capital and liquidity rules
A capital plan
StanChart bests the rest for coporates derivatives in Asia
The standard bearer
SFC reprimands Merrill Lynch over index-linked notes
SFC reprimands Merrill Lynch over index-linked notes
Risks lie ahead for China's internationalisation of renminbi, warn IMF, PBoC and HKEx officials
IMF Hong Kong representative, a former PBoC MPC member and HKEx chief warn of risks for China as the internationalisation of the renminbi starts to gather pace.
Increase in corporate hedging boosts derivatives industry in Asia
Banks in the Asia-Pacific region have benefited from a more active year in derivatives, as corporates seek to hedge their currency and interest rates exposures following a slowdown during the financial crisis
RBI deputy governor maps out the future of OTC derivatives in India
A number of new derivatives initiatives are in the pipeline in India, including the development of a credit default swap market, interest rate forwards and derivatives trade compression services, according to Subir Gokarn, deputy governor of the Reserve…
Merrill Lynch fined by SFC for mis-selling ILNs
The Hong Kong Securities and Futures Commission has fined and censured Merrill Lynch (Asia Pacific) for mis-selling index-linked notes to investors. The US bank will pay a fine of HK$3 million and repurchase notes held by private investors to the tune of…
GFI Fenics makes four new hires across Asia-Pacific
GFI Fenics, a subsidiary of GFI Group, adds four new members to its commercial team in Asia-Pacific.
Islamic Bank of Asia names O'Connor as new CEO
Toby O’Connor has been appointed the new CEO of the Islamic Bank of Asia
Push for lower Tier II capital fund raising prior to window closing
Investment banks are urging financial institution clients to issue old-style lower Tier II capital before the window closes on January 1, 2013, when the full force of Basel III capital rules come into effect.