China
Trading stalls on China's new CDS market
No transactions after first day of trading, while price discovery is problematic
China rates swap prices diverge on spotty CVA practices
Most local banks not passing on capital charge to clients, say traders
Netting questions linger in Asia margining rules
Hong Kong set to exempt non-netting trades from margin regime, following Australian position
Volatility fears obstruct China Treasury futures growth
Commercial banks barred despite support for their entry from securities regulator
Foreign exchange house of the year: BNP Paribas
French bank helps corporates hedge in the wake of China devaluation
China to create own version of forex code
New committee to write Chinese version of code for onshore banks
China leverage clampdown to hit two-tier structured products
Product issuers look to derivatives to boost returns, but options are limited
HKEx: real-time settlement key to cross-currency swap clearing
JSCC and KRX also said to be working on cross-currency swap clearing offerings
Building credit: China's CDS market faces headwinds
Regulatory fragmentation threatens take-up of planned new credit instruments
Opened interest: foreign firms eye China's rate swap market
However regulatory and operational challenges set to slow growth
Lack of sellers could hold back Chinese CDS market
Demand for credit protection increases, but traders say sellers will be hard to find
China opens up onshore swap market but hurdles remain
Foreign investors can now hedge CNY bonds but dealers expect limited uptake
Base metals house of the year: BNP Paribas
BNP Paribas’s expansion into China’s base metal markets demonstrates commitment to the global commodities business
Emerging market benchmarks under threat from EU law
Heightened regulatory scrutiny discourages banks from participating in third-country benchmarks
Regulator consent to make or break BCBS 239 compliance in Asia
Local data laws clash with Basel’s risk data aggregation rules
Corporates face 'disaster' on renminbi Tarfs, say traders
Some companies "may run out of cash"; regulators said to be looking at new restrictions
Proposed margin rule to hurt global banks’ trades with China
Industry dislikes HKMA rule on initial margin for uncleared trades with non-netting countries
HSBC drives custody growth with China mandate wins
Securities lending also sees uptick as BNY Mellon and State Street announce new clients
Taiwan clamps down on Tarfs over financial stability fears
FSC chairman says the regulator's focus is not "the domestic banking sector's profitability"
FDIC margin rule hands pricing advantage to EU banks in Asia
European and US regulators differ in their treatment of inter-affiliate trades
Global banks support 5% threshold for margining uncleared swaps
A lack of netting statutes and low volumes make requirements excessive for emerging markets
RMB fall forces Chinese corporates to rethink hedges
Exporters dump forwards; others hedge for the first time
China’s futures clampdown hits Hong Kong warrants
Volumes of derivatives linked to China A-shares fall 83%
Asia commodity finance house of the year: SG CIB
French bank steps up presence in reserve-based lending in Asia