Top Headlines

BoE Study: Markets Need to be Resilient as Well as Effective – Profit & Loss Financial markets need to be more than just effective, according to a Bank of England paper which argues they need to be equally resilient.

Dollar Slips as China Worries Vanquish Investor Risk Appetite – Reuters The U.S. dollar edged down in Asian trading on Monday, as investors’ appetite for risk evaporated against a background of downbeat Chinese factory surveys.

Bitcoin Hit a New High for 2015 – Business Insider The cryptocurrency started Friday October 30 by setting a new 2015 high for its price, breaking past the $320 level for the first time all year.

Norway to Sell NOK 700 mln of FX per Day in Nov – Reuters Norway’s central bank will sell foreign exchange equivalent of 700 million Norwegian crowns per day in November, like it did in October, the bank said on Friday on its page.

ECB Reveals Capital Hole in Greek Banks as Unpaid Loans Soar – Reuters Greece’s banks need to raise more than 14 billion euros (10 billion pounds) of extra capital to cover mounting unpaid loans, the European Central Bank said on Saturday.

Bank of England and US Authorities to Simulate Cyber-Attack – Telegraph The British and American financial systems will be tested to see how well they stand up to attacks by hackers, in the wake of the TalkTalk scandal.



Regulatory News

EU Lawmakers Make Headway with Rules for Risky Trading at Banks – Reuters European Union lawmakers have ended a stalemate over plans to curb risky trading at banks after months of wrangling over how tough the new rules should be.

ECB to Publish Board’s Meeting Schedules in Transparency Drive – Bloomberg The European Central Bank will publish the meeting schedules of its Executive Board members on a monthly basis, as the institution seeks to improve the public’s trust in the way it conducts business.

FINRA says CEO Richard Ketchum to Retire in 2016 – Reuters The Financial Industry Regulatory Authority (FINRA), Wall Street’s industry-funded watchdog, said on Friday that Chairman and Chief Executive Richard Ketchum will retire in 2016.



Company News

BGC and Tradition Post Positive Q3 Results – Profit & Loss Inter-dealer brokers BGC and Tradition have both posted positive third quarter results.

Thorne Returns to RBS – Profit & Loss David Thorne has re-joined the Royal Bank of Scotland (RBS) London as an e-FX trader after nearly three-and-a-half years at JP Morgan (JPM) in London.

HSBC Reports Sharp Rise in Third-Quarter Profit – Wall Street Journal (subscription) Bank pledges to accelerate cost cuts.



Market Savvy  

Bank of England May Need to Recondition Market Expectations – Profit & Loss Don’t expect any fireworks from the Bank of England (BOE) on November 5, say analysts at Barclays, although Governor Mark Carney may have the tricky task of explaining to the market the MPC’s short- and medium-term interest rate expectations.

China QFII Quota Rises to $78.97 bln in Oct – Reuters The outstanding amount of China’s dollar-denominated Qualified Foreign Institutional Investor (QFII) programme rose to $78.97 billion as of Oct. 29, from $78.77 billion at end-September, the foreign exchange regulator said on Friday.

Money Flooding Out of Canada at Fastest Pace in Developed World – Bloomberg Money is flooding out of Canada at the fastest pace in the developed world as the nation’s decade-long oil boom comes to an end.

Turkey’s Election Surprise: What it Means for Markets – CNBC The Turkish people have given incumbent President Recep Tayyip Erdogan’s AKP (Justice and Development Party) an unexpected majority in the country’s second election within five months.Greek banks will ask investors to help plug a 14.4 billion euro ($16 billion) capital shortfall.



Press Releases

SGX Reprimands Advance SCT, Chairman and CEO Simon Eng and Non-executive Director Peter Choo – SGX Public reprimand: breaches of Listing Rules.



Industry Events


FIA Expo 2015, 3-5 November, in Chicago, IL

Profit & Loss Shanghai, 12 November in Shanghai, China

Profit & Loss Singapore, 19 November in Singapore

11th Annual FIA Asia Derivatives Conference, 8-10 December in Singapore