Trade finance
Cross-currency letters of credit gaining popularity in Asia
Divergent central bank policies see CNH LCs increasingly used to cover USD invoices
CME wins term SOFR race
Fed-backed working group puts term rate back on track, but low volumes keep endorsement on hold
Energy Risk Commodity Rankings: firms provide a lifeline in choppy waters
Winners of the 2021 Energy Risk Commodity Rankings supported clients in unprecedented times to be voted counterparties of choice
Industry group backs wider use of term Sonia in derivatives
Swaps used to hedge tough legacy products and some new loans could reference a forward rate
US stumbles in pursuit of term SOFR
Flaky swaps liquidity sees June 2021 target slip; CME claims indicative settings already meet international standards
Optimal foreign exchange hedge tenor with liquidity risk
The authors develop an optimal currency hedging strategy that allows fund managers who own foreign assets to choose the hedge tenors that will maximize their foreign exchange carry returns within a liquidity risk constraint.
IBA, Refinitiv go live with regulated term Sonia rates
First deals linked to new benchmarks are likely to be in trade finance
HK-China blockchain link tipped to boost trade finance
HSBC, StanChart and Bank of China welcome Hong Kong and China trade finance tie-up
Trade finance under new stress as commodity markets realign
Higher tariffs, sanctions and Brexit are leading to a reassessment of trade finance arrangements
Asia moves: CBA overhauls leadership team, HK regulator reappoints directors, and more
Latest job changes across the industry
Q&A: Asia caught in the Basel crossfire, says Andrew Sheng
Veteran regulator says international standards may be the wrong medicine for emerging markets
BIS’s Shin links dollar strength to global malaise
Framework could answer many questions economists have struggled with in recent years
Corporates fear price rises if Basel curbs credit risk models
Trade finance exposures would move to standardised approach
Vitol veteran Preston joins energy brokerage
Cornerstone builds commodity finance business by hiring Duncan Preston
BAML to clear US dollars for BNP commodity finance unit
Deal comes as French bank faces one-year US dollar clearing ban
Banks and investors see appeal of commodity finance
Bank withdrawals from commodity trading fail to dent enthusiasm
Energy Finance House of the Year: SG CIB
Societe Generale enjoys 18 months of bumper energy finance deals
Asia's banks face $1 trillion Basel III capital shortfall, says DBS chief
Banks in the region may struggle to find the capital to support balance sheet expansion if economic growth continues
Singapore set to be RMB gateway to Asean region
Trade lines
Revised LCR falls short on ending Basel III concerns over trade finance
The relaxation of Basel III’s liquidity coverage ratio (LCR) requirements have been a major boon to trade finance, a sector which expected to suffer badly from the new regulatory regime. But not all issues related to Basel III have been resolved
Asian values – Aaron Woolner column
Asian values