68% of respondents to FX Week online poll believe CLS should be central clearer for FX products, but CLS insists it remains focused on mitigating settlement risk
Kay Swinburne criticises colleagues in the European Parliament for failing to tackle the question of whether forex contracts need to be subjected to new clearing and reporting requirements
Bank of Israel governor Stanley Fischer calls on IMF to draw up set of international rules on foreign exchange intervention
London remained the biggest financial centre for foreign exchange in 2010 according to semi-annual volume figures published in the UK and US on January 31, despite speculation it might be overtaken as a result of the UK government’s clampdown on bonuses.
Advocates of an exemption from mandatory central clearing requirements for foreign exchange swaps and forwards have won the support of the UK government, as a senior treasury official admits to the risks inherent in regulating FX in the same way as other...
Emerging markets: braced for the end of the party?
FX Week speaks to Jeremy Hill, head of FX and money market operations at RBS in London
JP Morgan creates actively managed index with Permal
Collateral agreements are becoming popular in the over-the-counter derivatives market. Masaaki Fujii and Akihiko Takahashi demonstrate its significant impact on derivatives pricing with a direct link to the cross-currency market. The importance of embedded...
The CSRC plans to ban derivatives dealers from using QFII quotas to on-sell derivatives mirroring CSI 300 index futures contracts to offshore clients. The move looks set to challenge ETF fund managers when hedging China index-tracking funds.
China's State Council is advising the Shenzhen municipal government and local regulators about permitting renminbi conversion outside of currency restrictions
Barcap offers investors access to emerging market currencies
European Commission's Patrick Pearson says no member state has advocated an outright exemption for foreign exchange clearing
CEE and Russia in the spotlight – Société Générale interest rate and forex team focuses on the Russian corporate world
Risk awards 2011
Interdealer broker Icap will launch decimalised pricing on major currency pairs on EBS Spot on February 14, the broker told FX Week.
Choice of collateral currency
Barclays Capital’s December 2010 Global Outlook forecast for this year advises investors to buy commodities, credit and stay long-equities. Growth in 2011 is predicted to reach 4.5% as fears of a double-dip recession recede.
Asian banks likely to opt for harmonised OTC clearing approach with the US and expect higher hedging costs for corporates
Decision to join CLS Bank follows change in policy at Citi, Santander's former third-party CLS provider
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