Wall Street Watchdog Becomes Forum to Cut Rules Under Trump

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Wall Street Watchdog Becomes Forum to Cut Rules Under Trump – Bloomberg

In its annual report, the Financial Stability Oversight Council for the first time advised agencies to address outdated and overlapping rules that could subject the industry to “increased compliance costs and regulatory burdens.”

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Dollar Bounce Stalls as Alabama Outcome Adds Uncertainty

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Dollar Bounce Stalls as Alabama Outcome Adds Uncertainty – Reuters

A two-week rally in the dollar stalled after a Democrat won a bitter fight for a US Senate seat in deeply conservative Alabama, injecting fresh uncertainty about the outlook for the greenback in the coming months.

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Bitcoin Futures Launch But The Song Remains the Same

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Bitcoin Futures Launch But The Song Remains the Same – Profit & Loss

CBOE officially launched trading on bitcoin futures on Monday morning in Asia and while the event was much anticipated, price action has generally conformed to that of the past year with the price of the cryptocurrency rising steadily.

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New Basel Rules on Capital Hit European Banks

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New Basel Rules on Capital Hit European Banks – Financial Times (subscription)

Top international central bankers and regulators have struck a long-awaited deal on bank capital rules that Mario Draghi hailed as the final step of post-financial crisis reforms and which resolves a transatlantic rift on the treatment of the industry.

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MiFID Swaps Deal Reached for US Platforms to Avert Rupture

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MiFID Swaps Deal Reached for US Platforms to Avert Rupture – Bloomberg

The European Union said banks and other traders in the bloc can use US platforms to comply with MiFID II restrictions on derivatives, as policy makers moved to prevent a rupture in the $542 trillion global market less than a month before the EU law kicks in.

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