TOKYO : Asia's emerging economies should improve oversight of foreign exchange liquidity risks and make currency hedging more flexible as growing dollar investments make the region more vulnerable to currency swings, the Bank for International Settlements said.
"You have this juxtaposition that demand for hedging is long-term, but the supply of hedging services is short-term," said Hyun Song Shin, economic adviser and head of research at BIS. Trading in derivative contracts referencing the currencies of one of six Asian emerging economies - including South Korea, Malaysia and Thailand - against the U.S. dollar has risen to nearly US$9.4 billion in 2019, more than double 2013 levels, the report said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia lags as US, Euro stock futures rallySYDNEY : Asian share markets lagged a bounce in U.S. and European futures on Monday, while bonds surrendered some of their recent gains and oil rallied as Saudi Arabia lifted its crude prices.November's mixed U.S. jobs report did little to shake market expectations of a more aggressive tightening by the F
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Decentralised finance for cryptoassets built on an illusion, says BISLONDON : Decentralised finance catering for cryptoassets could undermine financial stability if it gained traction and more safeguards are needed, the Bank for International Settlements said in its quarterly review on Monday.So-called DeFi platforms allow users to lend, borrow and save, usually in cryptoa
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Too early to determine Omicron's severity, but experts say current vaccines offer protection: MOHIt is too early to say for sure how severe the Omicron coronavirus variant is, but there is an emerging view among scientists that existing Covid-19 vaccines will still work...
Source: thenewpaper - 🏆 7. / 63 Read more »
Commentary: Why new COVID-19 antiviral pills are badly neededCOVID-19 pills are crucial for the treatment of patients, especially for those at high risk in the early stages of infection, says a US infectious disease professor. Quoted, 'Nearly two years into the pandemic, it has become starkly clear we need better treatments for COVID-19 for people in the earlier stages of disease.' Wow. Va-ccine/Booster dont work by them. Now Anti-viral pills by them will work? EXPERTS follow blindly and get paid.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
MAS flags climate change, crypto-assets as emerging long-term vulnerabilities to global financial systemSINGAPORE — The Monetary Authority of Singapore (MAS) has flagged climate change and the increasing prominence of cryptocurrencies as emerging vulnerabilities that could pose a risk to the stability of global financial systems over the next three to five years.
Source: TODAYonline - 🏆 1. / 99 Read more »
Asia lags as US, Euro stock futures rallySYDNEY : Asian share markets lagged a bounce in U.S. and European futures on Monday, while bonds surrendered some of their recent gains and oil rallied as Saudi Arabia lifted its crude prices.November's mixed U.S. jobs report did little to shake market expectations of a more aggressive tightening by the F
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »