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Many Asset Managers in the Dark on FX Ordering Process, Manipulation

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Many Asset Managers in the Dark on FX Ordering Process, Manipulation – The Asset (subscription)
Asset managers and other buy side participants in foreign exchange trading should understand the FX ordering process of their respective banks, while banks and sell side firms should explain and document the ordering process to prevent the level of misconduct that has resulted in billion dollar fines arising from allegations of manipulation in global FX markets.
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Fed Raises Capital Requirements for Banks

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Fed Raises Capital Requirements for Banks – Wall Street Journal (subscription)
The Federal Reserve sent a message to the largest US financial firms: staying big is going to cost you. The Fed’s warning, articulated in a pair of rules it finalised Monday, is among the central bank’s starkest post-crisis regulatory moves pressing Wall Street banks to reconsider their size and appetite for risk.
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Greece’s Parliament Passes Austerity Measures Required for Bailout

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Greece’s Parliament Passes Austerity Measures Required for Bailout – Wall Street Journal (subscription)
Greece’s Parliament passed austerity measures needed to secure a fresh bailout, but a rebellion within the ruling Syriza party is testing whether Prime Minister Alexis Tsipras can hold his government together as he seeks to complete the deal.

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