Sourcing the right collateral a major priority for the financial industry in Asia, shows conference poll
Sourcing the right collateral a major priority for the financial industry in Asia, shows conference poll/
More than 92 percent of industry players in Asia say sourcing appropriate collateral to meet new industry practices is a high or very high priority/Almost 40 percent of delegates at Clearstream conference say their institution has no access to collateral optimisation system/Most of the financial experts see increasing role for Asian securities in the global supply of available collateral for the banking industry/Fourth annual Clearstream GSF Conference Asia in Singapore brings together more than 150 delegates from across the Asia-Pacific region
April 24, 2013--Sourcing the most appropriate collateral to cover global exposures is still a major priority for most financial institutions in Asia, according to a poll of banking professionals at Clearstream's Global Securities Financing Conference Asia in Singapore. Some 92.6 percent of the delegates-
who represented pan-regional institutions, infrastructures, investment banks, universal banks and central banks – expressed that identifying the right type of collateral was either a “very high” or “high” priority for their organisation.
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Source: Clearstream
South Korea economic growth hits two-year high
April 24, 2013--South Korea's growth rate hit a two-year high in the first three months of the year, boosted by a rebound in construction, investment and exports.
The economy grew by 0.9% in the January to March quarter from the previous three months, the central bank's estimates showed.
The data is likely to help allay fears over the health of the Korean economy.
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Source: BBC
OECD Japan is poised for expansion but must curb government debt
April 23, 2013--Japan is poised for an economic expansion, but long-term growth prospects remain contingent on additional efforts to revitalise the economy and reduce unsustainable levels of public debt, according to the OECD's latest Economic Survey of Japan.
The new Survey, presented in Tokyo by OECD Secretary-General Angel Gurría, forecasts the Japanese economy will grow by about 1.5% annually in 2013 and 2014. The report hails Prime Minister Shinzo Abe’s three-pronged strategy -- bold monetary policy, flexible fiscal policy and a growth strategy -- to end 15 years of deflation and relaunch economic growth.
view the OECD Overview Economic Survey of Japan 2013
Source: OECD
China's economic growth slows
April 15, 2013--China's economic growth slowed in the first three months of the year amid concern about the strength of its gradual recovery.
The world's second-biggest economy expanded 7.7% in the first quarter from the previous quarter's 7.9%.
The figures reported Monday fell short of forecasts that growth would rise to at least 8%.
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Source: FIN24
China Macro-Inflation is not a near-term concern
April 8, 2013--Food prices have continued to decline since Chinese New Year. The cumulative decline in food prices amounted to nearly 4% in March, and nearly 8% since mid-February, and has been broadly based across almost all food items, including meat, vegetables, dairy, and oil and fat products.
Food inflation counts for more than 30% of China’s CPI basket. We expect headline CPI to drop from 3.2% in February to 2.4% in March, due to the falling food prices as well as the high base effect.
Food prices declined by about 4% in March
According to the 10-day food prices published by the National Bureau of Statistics, food prices on average declined by about 4% in March, and by nearly 8% since Chinese New Year. The decline is broadly based across different food items (Figure 1), including meat, vegetables and dairy products.
view the China Macro report- Inflation is not a near-term concern
Source: Mirae Asset Global Research
Too soon to draw trends from Indian gold ETF sell-off
No cause for worry, say market participants, as gold ETFs partially lose their sheen in India.
March 26, 2013--After recording net inflows for seven consecutive months, India's gold exchange traded funds (ETFs) witnessed a net outflow in February as investors booked profits for equities and other asset classes.
Net outflows were in the region of $1 million (Rs 80 million).
Though small, it also brought down the total assets managed by these ETFs below the crucial $2.21 billion (Rs 120 billion) mark at the end of February.
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Source: MineWeb
China's first ETF opens on March 25
March 21, 2013--The first national debt Exchange Traded Funds in China will be listed next Monday and adopt T+0 trading, which means that investors can sell the funds on the same day they buy them.
Guotai Asset Management Co Ltd made an announcement on Wednesday saying that the ETF will start operating on March 25.
The announcement said that there are a total of 54.23 million shares of national debt ETF available for trading. By March 18, the net asset value was 99.818 yuan.
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Source: China Daily
Basel Committee concludes assessment of Basel III capital regulations in Singapore
March 20, 2013--The Basel Committee on Banking Supervision has today published a report assessing the regulations that implement the Basel capital framework in Singapore.
Through its Regulatory Consistency Assessment Programme (RCAP), the Committee monitors the timely adoption of regulations by its members, assesses their consistency with the Basel framework and analyses the quality of intended regulatory outcomes. The RCAP also helps member jurisdictions to identify deviations from the Basel framework and assesses their materiality.
view the Regulatory Consistency
Assessment Programme (RCAP) Assessment of Basel III regulations-Singapore
Source: BIS
China widens door to foreign investors
March 20, 2013--Amid all the talk of renminbi internationalization, one question has long bugged offshore investors: what to do with the Chinese currency?
China’s strict controls on its capital account have largely prevented overseas holders of renminbi from investing the currency. While there have been some avenues – such as the dim sum bond market in Hong Kong – the inability to put cash back to work on the Chinese mainland itself has stymied international use of the renminbi.
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Source: FT.com
ASIC reports on dark liquidity and high-frequency trading
March 18, 2013--ASIC today released a report and a consultation paper that examine the impact of dark liquidity and high-frequency trading on Australia's financial markets.
They are the result of analysis by two internal ASIC taskforces. The dark liquidity taskforce was set up in response to concerns about its impact on market efficiency and quality; the high-frequency trading taskforce addressed concerns about disorderliness and unfairness.
Report 331 Dark liquidity and high-frequency trading (REP 331) and Consultation Paper 202 Dark liquidity and high-frequency trading: Proposals (CP 202) focus on the quality of the market for capital raising and long term investment, and thus Australia's competitiveness as a regional financial centre.
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Source: ASIC
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