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Top Headlines
Basel IV is the Buzzword as Europe’s Banks Brace for Costs – Bloomberg
“Basel IV is coming.” Laurent Mignon, chief executive officer of Natixis SA, sounded that alarm on July 31, referring to the mass of regulatory work in the pipeline at the Basel Committee on Banking Supervision. The issue was raised on more than a dozen other European banks’ earnings calls in recent weeks.
FX Technology Investment Strategies Revealed – Euromoney
While substantial investment has been made in FX technology since the global financial crisis, there are areas of the market where its impact has yet to be felt.
Swap Basis Emerges as Clearinghouse Concern – Risk
A price difference for trading U.S. dollar swaps that clear at CME Group versus LCH.Clearnet’s SwapClear has raised concerns among clearinghouses. The central counterparties are worried that a basis could emerge for contracts they clear and push business away.
Brazil’s Central Bank to Increase FX Intervention – Profit & Loss
Brazil’s central bank has said that it plans to increase its daily intervention in the FX market, as the real continues to weaken sharply against the dollar amid economic and political uncertainty.
Vietnam to Open Derivatives Market – Profit & Loss
A market for index futures and government bond futures will open in Vietnam next year, according to the government website.
Towards a Hybrid FX Market
Almost from the moment it started to move towards electronic trading from 1993, many have predicted FX would migrate to an exchange environment. But it hasn’t, remaining predominantly an efficient OTC market.
Will Exchanges Get a Piece of the FX Pie? – Finance Magnates
As the multi-trillion-dollar, decentralized foreign exchange (FX) market has come under increasing scrutiny from regulators and as electronic trading technology develops, there are signs that exchanges are encroaching upon a market that has traditionally been the reserve of big banks. |
