The Asian foreign exchange markets have experienced more than their fair share of ups and downs during the past 15 years. But the phenomenal growth of trade flows between Asia and the rest of the world, and more recently, within the region, has created...
Corporates were hit hard by derivatives losses linked to investments and low-cost hedges during the financial crisis. But most companies have benefited by using derivatives to manage financial risks. Joti Mangat and Georgina Lee talk to one such company,...
Adrian Campbell-Smith (RBS Currency Options Trading) and Ben Hamdani (RBS Currency Structuring) examine the realm of multi-currency options and explain some of the reasons behind their increasing popularity
Corporates across the globe have lobbied to ensure end-users are not subjected to new clearing requirements for derivatives. For Lufthansa’s treasury department in Frankfurt, ensuring it is able to continue to hedge its foreign exchange and interest...
Latest hire in a series of senior appointments to the firm's FX business
BNP Paribas has launched a commodity currency basket designed to promote foreign exchange and persuade investors of the benefits that come with the asset class
Norwegian oil and gas giant Statoil's results are hit by major losses on hedging derivatives in spite of a rise in profits and production
Executives’ Meeting of East Asia Pacific Central Banks says crisis revealed shortcomings in regional money markets; swaps deals, cross-border collateral could alleviate some problems
Proposed rules to limit leverage on margin FX trading accounts at retail forex brokers will have the unintended consequence of increasing counterparty risk, according to Josh Levy, managing director at Tactical Asset Management.
Foreign exchange is held back from fulfilling its potential as an asset class because of counterparty risk issues, said panellists.
Bank collateral managers raise concern about wrong-way risk in clearing house collateral
South African, Nigerian and Ghanaian central bank governors say path to regional and continent-wide single currency littered with obstacles; single currency will not correct underlying problems
Blanket forex exemption dropped from final bill; Treasury to determine issue
Bank of Korea and Ministry of Strategy and Finance cut back leverage caps and limit corporate hedging of currency risks to 100% from 125% of exposure
The Chinese Communist Party’s former leading economist, Zhang Wei, explains how revaluing the renminbi is in China’s interests, why the financial markets are such a headache for the country’s leaders and how the new generation may yet prove to be...
Long euro derivatives positions caught up in proposed legislation, while doubts remain over the exemption of market-makers
Investors shift allocations to US dollar products as euro sinks.
Germany broadens shorting ban scope
Transition management is gaining popularity in Australia, with longer transitions using off-exchange trading platforms becoming increasingly common. But there are plenty of risks associated with such trades. Rachel Alembakis reports
The Reserve Bank of India issued draft guidelines last November proposing a ban on reduced-cost derivatives structures – the source of much controversy in India’s corporate market during the past three years. But some corporates are not happy with...
Financial crisis has been a ‘brutal awakening’ for Asian asset owners, say panel members at transition management event
China Construction Bank (Asia) is enhancing its retail offerings in Hong Kong ahead of a planned expansion into mainland China. But the distributor is delaying sales of accumulators to high-net-worth and private banking clients for fear of reputational...