The Commodity Futures Trading Commission says in financial year 2016 it filed 68 enforcement actions, which addressed a sweeping range of misconduct and market harm, and obtained orders totalling approximately $1.29 billion in restitution, disgorgement, and penalties.
The pound gained in value in Monday afternoon trading, reversing some of the losses inflicted over the past few weeks.
- Pound Rallies Towards $1.25 – Financial Times (subscription)
- Pound Jumps Almost 1 Percent in One Minute of Trading: Chart – Bloomberg
The dollar fell as investors took profits on the US currency’s longest rally in over four years.
The Federal Reserve, in deciding policy, will consider the rise in the dollar since the US election but it will not stop the Fed from “doing what we should do” based on the economy’s goals, the central bank’s vice chairman.
Expectations of better growth are also tightening financial conditions.
Japanese currency among hardest hit since Donald Trump won US election.
Global funds sold about $11 billion of equities and bonds in Asia’s emerging markets after Donald Trump’s victory in the US presidential election as expectations for his economic policies sent Treasury yields higher and sparked the dollar’s strongest rally in eight years.
Global lenders’ need to cut the mounting cost of running their swaps portfolios has turned what was once a cottage industry into a cornerstone of the global derivatives industry.
Investors see the euro, not Italian bonds, as the best way to express concern that Prime Minister Matteo Renzi’s reforms will become the latest victim of a rising populist mood.
Goldman Sachs has pulled out of R3 CEV, a blockchain group that counts more than 70 financial firms among its members.
The Commodity Futures Trading Commission has issued a time-limited no-action letter that extends relief provided to certain CFTC-registered swap dealers and major swap participants in CFTC Letter No. 15-61.
A European Council official has confirmed that the rules have been adopted, bringing more clarity to the implementation process, but it also means that those banks who are subject to the first phase of implementation will have to work quickly to prepare themselves for the regulation.
Republicans urge policy makers not to rush new regulations before President-elect Trump takes office.
SEC may be about to have all five seats filled, but in a manner that could actually impede, rather than aid, Mary Jo White.
Like a number of his other grandiose campaign promises, Donald Trump likely will find that peeling apart Dodd-Frank gradually will be easier than tearing it asunder.
Asia Pacific and North America have been the primary drivers of wealth creation in what has been an otherwise limited year for growth, according to Credit Suisse.
It has not eased its policy since early 2015, implying that it has exhausted its monetary policy scope, said Commerzbank.
BGC Brokers’ Capitalab extends its portfolio compression service to FX derivatives and interest rate caps and floors; reaches $3.5 trillion in interest rate swaptions.
The dollar retreated from a six-month high against the yen, while a push higher for copper and iron ore prices drove commodities-linked currencies higher, led by the Australian dollar.
The Australian dollar found its footing in overnight trade, helped by modest US dollar weakness, lower US bond yields along with a rally in stocks, crude and iron ore futures.
The Canadian dollar gained against its US counterpart as a rally in oil eclipsed weaker-than-expected domestic wholesale trade data.