Asia derivatives editor
Viren Vaghela is Asia derivatives editor for Risk.net, based in Hong Kong, and was previously deputy editor of Asia Risk magazine. He focuses on Asia’s nascent but rapidly developing derivatives markets, with a particular interest in Japan and Korea.
Viren is the recipient of the following awards: winner of State Street's journalist of the year, AsiaPac 2015 in the investors’ services section; winner of Infopro Digital’s (then Incisive Media’s) journalist of the year, 2014; and runner-up for State Street's journalist of the year, AsiaPac 2014 in the investors’ services section.
Japan expands scope of clearing regime
First onshore renminbi interest rate swaps cleared in China; two international banks sign up to new clearing service
Central counterparties should compete on quality of risk management, rather than a race to the bottom on margins, says Bank of England's head of payments and infrastructure
Inconsistent rules are damaging financial intermediation, according to Takashi Oyama of Norinchukin Bank
The move by European authorities to exempt European banks from holding CVA capital should be matched by regulators in Asia, according to senior bankers in the region
Banks issued debt before the end-of-2012 deadline for Basel II capital, lessening their refinancing requirements for this year
The global thirst for high-grade collateral resulting from OTC clearing will require Asia to play a greater role in future, according to Jeffrey Tessler, chief executive of Clearstream
Helping banks by purchasing stock will create moral hazard, says Bank of Japan director-general
New York Fed senior vice-president Marc Saidenberg says US is introducing Basel II at a similar pace to international peers and is also committed to timely implementation of Basel III
Hiromi Yamaoka speaks about new recovery and resolution plans, the strength of the Japanese banking system and why he’s not worried about spiralling government debt
IMF Hong Kong representative, a former PBoC MPC member and HKEx chief warn of risks for China as the internationalisation of the renminbi starts to gather pace.
Some risk officers at international and domestic banks in the Asia-Pacific region are frustrated by the regulatory focus on country-by-country stress tests and a trend towards branch liquidity.