Deriving a deal in Malaysia

JPMorgan says it has applied to Bank Negara Malaysia to offer structured products in ringgit to local investors. "The central bank has had a lot of questions on how we will manage risks and what products we'll offer, but we hope to receive approval in the next two to three weeks," says Samir Bhandari, JPMorgan head of derivatives for South and South-East Asia, Samir Bhandari.