Asia-Pacific
Review of 2024: as markets took a breather, firms switched focus
In the absence of major crises and regulatory deadlines, financial firms revamped strategy, services and practices. The three-lines-of-defence model had a facelift, counterparty risk models were upgraded, and clearing houses charted new frontiers. Here, we look back at some of the year’s biggest Risk.net stories, and those with the greatest potential to shape the coming 12 months.
OTC derivatives hit $730 trillion peak in H1 2024
Interest rate and FX derivatives drive notional spike
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US senators press CFTC on Japan swap clearing
Boozman and Hagerty urge action on yen swap clearing access to JSCC in letter to US regulator
Post-UBS takeover, Switzerland sees biggest regional G-Sib score spike
Credit Suisse acquisition pushes UBS’s complexity category to all-time high, driving up country’s overall score
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Charting volatility: strategic insights on Apac monetary policy divergence and market dynamics
A webinar covering key drivers of market fluctuations, the impact of currency and interest rate differentials, technology-driven strategies for risk mitigation in portfolio management, as well as innovations in asset and liability management during uncertain environments
BofA’s rates revamp leans into multi-strategy boom
New rates head Laura Chepucavage prioritises collateral efficiency, e-trading and central risk book for enlarged rates, futures and financing unit
Nomura’s HQLAs hit record ¥7.1 trillion
Notes issuance, favourable yen boost easy-to-sell reserves
China’s snowballs hit by new regulatory clampdown
Restrictions on structured note issuance by securities houses blocks key distribution channel
Thin-skinned: are CCPs skimping on capital cover?
Growth of default funds calls into question clearers’ skin in the game
Japanese G-Sibs see 9% surge in op risk charges
Rising profits drive record RWA growth under new Basel framework
Cross-currency letters of credit gaining popularity in Asia
Divergent central bank policies see CNH LCs increasingly used to cover USD invoices
Eleven of 14 G-Sib indicators hit all-time highs
Surging complexity marked 2023, tempered by slower gains overall
ABC’s market RWAs soar amid Basel III shake-up
Chinese bank bucks trend with sharp market risk rise in Q3
Mizuho faces steepest capital squeeze from Basel floor
Fully floored RWAs would cut core capital ratio by 244bp, the sharpest drop among Japanese megabanks
Basel III slashes $78bn in RWAs from top Singapore banks
Credit and operational risk recalibrations fuel double-digit falls at DBS, OCBC and UOB
The wisdom of Oz? Why Australia is phasing out AT1s
Analysts think Australian banks will transition smoothly, but other countries unlikely to follow
India delays initial margin go-live date
RBI communicated putting off initial margin rules one day before planned November 8 implementation
JPM sees upside in blurring lines between QIS and SMAs
Hedge funds are combining their strategies with bank indexes to create new products
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Charting volatility: strategic insights on Apac monetary policy divergence and market dynamics
Environmental products house of the year: ENGIE
Natural gas/LNG house of the year: ENGIE
FRTB management solution of the year: Bloomberg
Newcomer of the year: Topaz Technology
