Compliance countdown for unnamed trades


LONDON -- While fund managers have outwardly welcomed the changes to the Bank ofEngland’s (BoE)Non-Investment Products (Nips) code, which were published in May, many are failing to comply with its requirement for clients to share their identities with banks’ legal and compliance departments while maintaining ‘Chinese walls’ with traders.

Two top 10 FX banks, which asked to remain nameless, said the situation remains a problem for them. One head of FX at a US bank in London said his bank had been

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Dmitry Pugachevsky, director of research at Quantifi, explores why building an accurate and robust interest rate curve has considerable implications for a broad range of financial operations – from setting benchmark rates to managing risk – and hinges on…

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