New Zealand
Strange steps down from NZX, and more
Latest job changes across the industry
Asia moves: Corbally becomes ANZ’s chief risk officer as Williams retires
Latest job changes across the industry
People: CFTC picks enforcement and legislative affairs chiefs
Other changes at Eni, Societe Generale, Danske Commodities, Glencore, Global Coal, Six plus more
Against the tide: why Kiwi banks want to be clearing members
Rising fees and absence of leverage ratio cause some New Zealand banks to consider direct clearing
NZX to launch equity derivatives market
New Zealand Stock Exchange to launch equity derivatives to meet demand for hedging instruments
Asian covered bond market set to take off
Running for covered
Industry unmoved by death of minor-currency Libor
The Wheatley Review calls for an end to Libor quoting in five currencies, but the number of trades affected is small – a good thing, because the available solutions are flawed, say market participants
New governor signs revised policy target agreement in New Zealand
The Reserve Bank of New Zealand’s policy targets agreement will come into effect on the same day Graeme Wheeler takes over as governor; document includes "stronger focus" on financial stability
South Korea to allow local financial institutions to issue covered bonds
Relaxation of restrictions over covered bonds issuance should prompt rapid expansion of sector’s present small base
Mandate watch: JP Morgan makes collateral management gains
The latest mandates in the asset-servicing business
People profile: Patrick Colle, BNP Paribas Securities Services
Global ambition
Regulator Q&A: Grant Spencer, deputy governor, Reserve Bank of New Zealand
Despite New Zealand’s domestic banking sector escaping the worst ravages of the recent financial crisis, the Reserve Bank of New Zealand is not wasting any time in introducing the Basel III framework – but with a local twist
New Zealand proposes partial earlier adoption of Basel III capital requirements
New Zealand regulators have opted to bring in the capital conservation and counter-cyclical buffers ahead of the Basel Committee schedule – but market participants are unsure if this is necessary
New Zealand: a step in the right direction
A new draft version of New Zealand’s Financial Markets Conduct Bill was published for consultation in August. The bill provides greater clarity than the previous draft and removes uncertainty – but some further tweaks are needed, says Cindy Leiw of Isda
Asian reinsurance costs soar by up to 40% due to natural disaster payouts – Moody’s
A number of major natural disasters during the past year has increased reinsurance costs in Asia, with some Japanese insurers seeing a rise of 20% or more in the cost of reinsurance. But demand for reinsurance is still growing, according to Moody’s…
New Zealand banks still prone to offshore wholesale funding risks
The asset quality and capitalisation of New Zealand banks remains strong but dependence on wholesale funding is still a risk, say credit rating agencies.
Equity Derivatives House of the Year, Asia
Credit Suisse
Asia Risk 15: Philip Combes, New Zealand Treasury
The New Zealand Debt Management Office (NZDMO) has managed both assets and liabilities on behalf of the New Zealand government. Here, deputy secretary to the New Zealand Treasury and head of the NZDMO, Philip Combes, explains how a prudent approach to…
Liquidnet debuts offshore alternative trading in New Zealand
New Zealand is poised to have what is believed to be its first offshore dark pool when Liquidnet launches its trading operation on June 22.
Markets shaken by emissions trading certificate hackers
Market participants are worried they could be holding fraudulent European Union carbon allowances (EUA), after computer hackers launched an alleged phishing attack on the German Emissions Trading Authority (DEHSt).
Kupe light crude oil ready to ship
Origin Energy New Zealand has revealed that the Kupe gas project will be making the first shipment of light crude oil from Taranaki port on January 17.
Westpac suffers 'fat finger' op risk loss in New Zealand
Losses & Lawsuits