Latest Financial Stability Report stresses importance of long transition to new rules, and concerns over central counterparty clearing
Pilot comes at a time when news reports suggest a group of 10 banks plan to launch a bank-only FX trading platform
Ready for launch
Currency ETCs have reached all-time highs as Ireland's impact on the eurozone sees the US dollar rebound.
Potential liquidity mirage in foreign exchange markets must be addressed, says Michael Cross
Citi indexes offers low-cost forex exposure
Push for global convergence in over-the-counter derivatives regulations means any US exemption is likely to be followed in other jurisdictions, says the EC’s Pearson
Three web seminars – in Hong Kong, London and New York – exploring key changes in international OTC derivatives regulation from a regional perspective
Expert paper calls on HMT to ensure EU legislation on clearing and reporting doesn't damage London's dominance or inhibit market activity in particular asset classes.
Further Plaza II-type agreement is unlikely, however, and only weak "peer pressure" applied to currency problems, says Barclays Young
Primed for portfolios
Index round-up: Barclays offers mean reversion
Shake up designed to meet clients' needs ahead of implementation of Dodd-Frank reforms
Credit Suisse has added to its Asia foreign exchange risk advisory in line with the bank's strategy to expand forex business in Asia
But market may begin testing the Bank of Japan's resolve if more measures are not taken
Confusion, then clarity
When investors are seeking diversification that includes foreign currencies, there is a choice of methods for approaching currency risk
New US Commodity and Futures Trading Commission rules will hasten flow of retail foreign exchange business abroad
The US CFTC leverage rules on retail foreign exchange transactions less harsh
Commerzbank has made key hires in sales and trading across Asia, Europe and the US as it strengthens its global FX business, the bank said on August 25.
Citi continues Asian FX team expansion by relocating Perret-Green from Citi's Europe markets division to Asia to head FX strategy. Citi says its foreign exchange daily trading volumes exceed $15 billion a day in Asia.
Royal Bank of Scotland suffers two senior departures in its foreign exchange business
HSBC has made a series of hires across foreign exchange trading and sales in Asia and Europe, it confirmed today (August 17).