McDermott Resigns from FCA
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McDermott Resigns from FCA – Profit & Loss
UK regulator the Financial Conduct Authority (FCA) has announced that Tracey McDermott, its acting chief executive, has resigned. McDermott will leave the organisation on July 1 2016.
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Exchange Operator Bats Global’s IPO Said to Be Oversubscribed
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Exchange Operator Bats Global’s IPO Said to Be Oversubscribed – Bloomberg
Exchange operator Bats Global Markets Inc.’s initial public offering is oversubscribed, three days before the sale is due to price, according to people familiar with the matter.
ESMA Publishes Responses to the Discussion Paper Benchmarks Regulation
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ESMA Publishes Responses to the Discussion Paper Benchmarks Regulation
The European Securities and Markets Authority (ESMA) has published the responses received to the Discussion Paper Benchmarks Regulation.
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China Foreign Exchange Reserves Rise for First Time in Five Months
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China Foreign Exchange Reserves Rise for First Time in Five Months – Bloomberg
China’s foreign-exchange reserves unexpectedly increased in March after capital outflow pressure eased as the nation’s currency steadied.
FXPA Chair Lowry, Vice Chair Sigelbaum Speaking at Forex Network London
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FXPA Chair Lowry, Vice Chair Sigelbaum Speaking at Forex Network London
Chip Lowry, chairman, and Jill Sigelbaum, vice chair, of the Foreign Exchange Professionals Association (FXPA) will be speaking at Profit & Loss Forex Network London next Thursday, April 14. Lowry will discuss the FX trade association’s mission and activities to date, as well as take a look at a number of developing and ongoing trends in the market during a one-on-one interview with David Clark, chairman of the Wholesale Markets Brokers’ Association (WMBA).
FXPA Chair Lowry, Vice Chair Sigelbaum Speaking at Forex Network London
Chip Lowry, chairman, and Jill Sigelbaum, vice chair, of the Foreign Exchange Professionals Association (FXPA) will be speaking at Profit & Loss Forex Network London next Thursday, April 14. Lowry will discuss the FX trade association’s mission and activities to date, as well as take a look at a number of developing and ongoing trends in the market during a one-on-one interview with David Clark, chairman of the Wholesale Markets Brokers’ Association (WMBA).
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Lagarde Says IMF Greek Deal Far Off as Talks Roiled by Leaks
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Lagarde Says IMF Greek Deal Far Off as Talks Roiled by Leaks – Bloomberg
International Monetary Fund Managing Director Christine Lagarde rebuffed Greek government calls to replace top officials overseeing the country’s bailout and said the IMF is “a good distance away” from an agreement that would allow for additional loans to Europe’s most indebted state. Read More
Thomson Reuters Acquires WM/Reuters FX Benchmarks
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Thomson Reuters Acquires WM/Reuters FX Benchmarks – Profit & Loss
Thomson Reuters (TR) has acquired the WM/Reuters FX benchmark rate calculation business from The World Markets Company, a State Street Corporation subsidiary.
Euro Posts Strongest Quarter in 5 Years Defying ECB’s Stimulus
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Euro Posts Strongest Quarter in 5 Years Defying ECB’s Stimulus – Bloomberg
The euro surged this quarter by the most in five years, defying convention as the European Central Bank bolstered its monetary stimulus, a step that tends to debase a currency.
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Wall Street Banks Have Basel’s Ear in Pushback on Market Risk
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Wall Street Banks Have Basel’s Ear in Pushback on Market Risk – Bloomberg
Wall Street is used to getting the opportunity to influence bank rules before they are unveiled. Now financial firms are getting the chance to argue that a key capital requirement should be softened even after it was supposed to be finished.