Eight of the world’s largest banks are set to discuss financial settlements with the European Commission, drawing a line under a four-year probe into allegations they formed a cartel to rig the $5.3tn global foreign exchange market.
Risk officers need to stay sharp to fight malpractice.
The euro recovered from a two-month low against the yen touched in Asian trade, with investors brushing off the broader political risks of a failure of German Chancellor Angela Merkel to form a three-way coalition government.
Sterling rose half a percent to a 2½ week high, with weekend news on the progress of Brexit negotiations interpreted as mildly positive for the British currency.
Proposals published by the Council of the EU are fuelling expectations that buy-side firms will not have to post variation margin on certain foreign exchange forwards from next year – a controversial quirk of Europe’s rules.
The European Banking Authority gets a new home, as Brexit forces the regulator and its 180 employees to abandon their high-rise digs in London’s Canary Wharf financial district and relocate to the continent.
Bankers relocating from London to other European financial hubs following Britain’s exit from the European Union could face lower pay packages, according to an industry survey published by compensation consultant Emolument.
The power of AI lies in its ability to handle ridiculous (to a human), amounts of data and it is here that its use may diverge along market structure lines.
NewChangeFX believes TCA can be about more than measuring execution quality.
Volatile instrument attributes removed from transparency determination, but further issues remain.
Report recommends higher bar for applying label, which triggers stricter regulation.
New set of restrictions could have wide-ranging impact by curbing the products financial institutions can offer and the clients they can serve.
Blockchain holds the dual promise of faster and cheaper transactions for financial services firms. But a lack of regulatory clarity about blockchain could slow innovation.
NEX Group (Nex) has unveiled increased revenues for the six months to September 2017, however operating profit has dipped.
If the regulator does not kick the can down the road, the US Securities and Exchange Commission should make its decision whether to approve Cboe Global Market’s Bats Market Close today.
Companies say they have had to go to foreign banks after disruption.
Cees Vermaas joined CME Europe in early 2015 after 12 years with European exchange Euronext.
Bitcoin hit an all-time high just below $8,000, on talk that a software upgrade whose suspension sent the cryptocurrency into a tailspin at the end of last week was, after all, going ahead within hours.
Chile’s presidential elections, the fate of South Africa’s local-currency ratings and Nigeria’s sale of $2.5 billion of Eurobonds will provide the focal points for emerging market investors in the coming week.