ISDA Warns on EU Swaps Stay Extension
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ISDA Warns on EU Swaps Stay Extension – International Financing Review (subscription)
Europe’s financial institutions could be put at a competitive disadvantage if the EU adopts proposals to extend a freeze on closing out derivatives contracts with troubled firms, ISDA has warned. Read More
CLS to Host Public Register for FX Global Code
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CLS to Host Public Register for FX Global Code – Profit & Loss
CLS Group has thrown its hat in the ring to host a public register listing those firms that have signed the Statement of Commitment to the FX Global Code. Read More
Dollar Climbs as North Korean Tensions Ease
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Dollar Climbs as North Korean Tensions Ease – Reuters
Gains against the yen and the Swiss franc led a broad rise in the US dollar, helped by an easing of the tensions around North Korea that drove capital towards Switzerland and Japan last week.
CFTC Chairman Readies Swaps Rules Revamp
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CFTC Chairman Readies Swaps Rules Revamp – Wall Street Journal (subscription)
President Donald Trump’s recently confirmed head of the US derivatives regulator plans to remove restrictions on where swaps can be traded, revising a rule from the Dodd-Frank financial law critics say has diminished market liquidity. Read More
Offshore Ringgit Trade Is Against Malaysia’s Policy: Central Bank
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Offshore Ringgit Trade Is Against Malaysia’s Policy: Central Bank – Reuters
Malaysia’s central bank said the introduction of ringgit futures on the Singapore Stock Exchange and the Intercontinental Exchange and its offshore trading is inconsistent with Malaysia’s policies.
Swiss Franc Posts Biggest Daily Rise in 2½ Years on Carry Trade Unwinds
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Swiss Franc Posts Biggest Daily Rise in 2½ Years on Carry Trade Unwinds – Reuters
The Swiss franc held near the day’s highs after posting its biggest single-day rise against the euro since the central bank removed its cap on the currency in January 2015. Read More
Korean Won Set for Worst Fall in Nearly Eight Weeks on US-Korea Tensions
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Korean Won Set for Worst Fall in Nearly Eight Weeks on US-Korea Tensions – Reuters
Most Asian currencies stumbled with the Korean won destined for its biggest fall in nearly eight weeks as North Korea warned it is “carefully examining” plans for a missile strike on the US Pacific territory of Guam.
BTMU Settles with CFTC Over Spoofing Charges
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BTMU Settles with CFTC Over Spoofing Charges – Profit & Loss
The US Commodity Futures Trading Commission (CFTC) issued an order filing and settling charges against The Bank of Tokyo-Mitsubishi UFJ (BTMU) for engaging in multiple acts of spoofing in a variety of futures contracts.
Dollar Edges Lower After Friday Bounce
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Dollar Edges Lower After Friday Bounce – Reuters
The dollar edged lower following sharp gains in the previous session, as investors focused on inflation data due this week that could determine the currency’s longer-term trajectory.
Senate Confirms Giancarlo as CFTC Chair
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Senate Confirms Giancarlo as CFTC Chair – Profit & Loss
The US Senate has confirmed Christopher Giancarlo as the permanent chairman of the Commodity Futures Trading Commission (CFTC), while Rostin Behnam and Brian Quintenz have been confirmed as commissioners.