Articles by Viren Vaghela
Dealers reassess Korea ELS market as equity risk builds up
Equity-linked underlyings moving to Euro Stoxx 50
Shanghai Clearing House becomes fifth in Asia to start OTC clearing
First CNY interest rate swaps cleared in China
Japan dealers stop back-loading to CCPs due to de minimis uncertainty
CFTC rule potentially captures legacy trades novated to CCPs
Australia to receive go-ahead for CFTC substituted compliance
Australian market will broadly be able to follow domestic rules to comply with Dodd-Frank
Australia dealers face Sef time zone issues
CFTC rule poses clearing challenges for dealers whose markets close before clearing operations in London open
CFTC extends no-action relief to sole Asian Sef
Australia-based Yieldbroker can continue to service US clients while CFTC considers its Sef application.
Asian dealers 'disappointed' by CFTC clarification of footnote 513
CFTC makes clear swaps between non-US swap dealers and non-US clients will be caught by Dodd-Frank if they are arranged, negotiated or executed by US personnel
Mandatory clearing in Korea slated for June 2014
Korea confident of achieving recognition from Europe and is readying to apply for similar status from the US
Sefs cause two-tier market as Asia OTC liquidity splits
Divide and rule
Bank of England calls for greater transparency on CCP margin modelling
CCPs should have complete transparency on risk to prevent margin-related failures
Branch LCR calculations should include parental support within three days
Loss of capital fungibility creates systemic risk, according to BAML compliance head
Asic hopeful of receiving substituted compliance from CFTC
Australian securities regulator positive about receiving US approval for the domestic regulatory regime
WMP crackdown spurs China structured products market
China's slower growth rate and rising risks in credit-based WMPs are pushing policy-makers to diversify investment products
Liquidity risk management and China's banks: BoC Fullerton profile
A careful balance
Indian corporates turn to swap markets as dollar funding evaporates
US dollars in short supply as rupee tumbles
Easing of documentary requirements increases onshore renminbi hedging
Easing of documentary requirements increases onshore renminbi hedging
Basel III counterparty credit risk approach unsuitable for low-volatility Asian currencies
Low volatility among some Asian currencies results in overly prudent risk analysis
Bar on bank participation to stymie China Treasury bond futures market relaunch
Despite banks holding an overwhelming majority of the domestic bond market they are barred from participation in futures trading
Expectation of US rates rise moves USD/CNH currency basis
Exit of "tourist money" from Asia provides more attractive funding options for firms swapping CNH into USD
Regulatory obstacles hamper China securitisation market
New rules aim to promote the market but banks still prefer the WMP route
Structural barrier to HFT participation in Asia OTC markets
Barriers include a lack of finalised rules and technology for scalable operations
Indian corporates count forex losses from rupee depreciation
Living on the hedge