Asian jurisdictions are accustomed to playing second fiddle to their more established derivatives counterparts in Europe and the US. This has been especially noticeable in post-crisis reforms with the phrase "we are taking a wait-and-see approach" becoming predictably familiar among some regional regulators. However, in a rare move Asia is taking the lead in determining how so-called nexus trades should be reported.
"The nexus issue is unique to Asia," says a compliance source at a global bank i
The week on Risk.net, March 10-16 2018Receive this by email