Julie Ros – Page 114 – Foreign Exchange Professionals Association

August 7, 2015 Julie RosglobalFXsource0

European Commission Introduces Mandatory OTC Swaps Clearing

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European Commission Introduces Mandatory OTC Swaps Clearing – Profit & Loss

The European Commission has adopted new rules that make it mandatory for certain OTC interest rate derivative contracts to be cleared through central counterparties.

August 6, 2015 Julie RosglobalFXsource0

Hayes Sentence Hangs Over FX Trader Tribunals

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Hayes Sentence Hangs Over FX Trader Tribunals – Profit & Loss

The 14-year jail sentence handed down to Tom Hayes over his role in the Libor scandal has sent shockwaves through the FX market as several traders now face tribunals over their role in the WMR Benchmark Fix scandal.

August 5, 2015 Julie RosglobalFXsource0

IMF Not Ready to Add RMB to its Reserve Currency Basket

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IMF Not Ready to Add RMB to its Reserve Currency Basket – Profit & Loss

The International Monetary Fund has issued a staff report stating that it is not ready to recommend that the renminbi (RMB) be added to the IMF’s Special Drawing Rights (SDR) currency basket.
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August 4, 2015 Julie RosglobalFXsource0

Hayes Handed 14 Year Prison Sentence for Libor Rigging

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Hayes Handed 14 Year Prison Sentence for Libor Rigging – Profit & Loss (free story)

Tom Hayes, the first individual to be charged and stand trial in the UK for manipulating the Libor benchmark, has been sentenced to 14 years in prison.

August 3, 2015 Julie RosglobalFXsource0

Four Further Banks Dragged into Fix Lawsuit: Accusations Widened

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Four Further Banks Dragged into Fix Lawsuit: Accusations Widened – Profit & Loss

The law firm undertaking a Class Action suit against several major FX banks has filed a second, broader Class Action that widens the range of currency pairs involved, the venues on which the alleged manipulation took place and the number of banks involved.

July 31, 2015 Julie RosglobalFXsource0

Top FX Banks Brace for Disruption Wave

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Top FX Banks Brace for Disruption Wave – Euromoney

Demand for single-dealer platforms continues to drive adoption of platform-as-a-service (PaaS) in the FX space, allowing smaller players to compete with the top-tier firms in pre- and post-trade services.

July 30, 2015 Julie RosglobalFXsource0

July 30, 2015 – CME Chairman: EU Regulators Putting US Clearing Houses at Disadvantage

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CME Chairman: EU Regulators Putting US Clearing Houses at Disadvantage – Profit & Loss

CME’s executive chairman and president, Terry Duffy, has accused European regulators of deliberately disadvantaging US clearing houses in order to provide their European counterparts with a competitive advantage.

Terry Duffy Written Evidence

July 29, 2015 Julie RosglobalFXsource0

Fed Expected to Push Ahead with Rate Hike Plan

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Fed Expected to Push Ahead with Rate Hike Plan – Reuters

The Federal Reserve is expected on Wednesday to point to a growing U.S. economy and stronger job market as it sets the stage for a possible interest rate hike in September

July 28, 2015 Julie RosglobalFXsource0

FXPA Meets with Regulators, Policymakers in Washington

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FXPA Meets with Regulators, Policymakers in Washington – FXPA.org

Members of the Foreign Exchange Professionals Association (FXPA) spent two days in Washington DC last month meeting with senior members of the Federal Reserve, US Treasury and Commodity Futures Trading Commission (CFTC), as well as held a series of educational briefings for Congressional staffers on such key committees as the House Financial Services Committee, both the House and Senate Agriculture Committees, and the Senate Banking Committee.

July 27, 2015 Julie RosNews0

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