The US Commodity Futures Trading Commission (CFTC) says it is to launch a “comprehensive review” of its swap data reporting regulations.
- US Regulator Moves to Rewrite Rules for Swaps Transaction Reporting – Wall Street Journal (subscription)
This already feels like the summer of the central banks for markets and there is no escape yet from policymakers.
- Dollar Little Changed as Investors Await Yellen’s Policy Report to Congress – Wall Street Journal (subscription)
- Rates Play Pushes Dollar to Four-Month High vs Yen, Kiwi Dollar Falls After Quake – Reuters
When it comes to havens among currencies, the yen is the safest of them all, according to a correlation analysis by Goldman Sachs Group economists.
Analysts at Goldman Sachs reckon the rally to this year’s best-performing major currency still has room to go.
President Donald Trump plans to put his first mark on the Federal Reserve by nominating Randal Quarles, an investment-fund manager and former Republican Treasury official, to be the central bank’s top official in charge of regulating big banks.
Clearinghouse parent companies such as Deutsche Börse could be forced to promise financial support for the clearing units in case of failure, under plans of EU governments to strengthen emergency preparations for markets.
The nation’s consumer watchdog adopted a rule that would pry open the courtroom doors for millions of Americans, by prohibiting financial firms from forcing them into arbitration in disputes over their bank and credit card accounts.
Profit & Loss understands that Colin Devereux, director and chief dealer of G10 spot FX at Bank of America Merrill Lynch, has joined Nomura in New York.
Many financial institutions are preparing for a hard Brexit, which could involve transferring operations to Germany.
New technology helps Natixis and Mizuho compete with major dealers in swaps and bonds.
Emerging currencies suffered hefty losses, with the South African rand tumbling more than one percent at one point as investors sold down assets deemed most vulnerable to tighter global monetary conditions.
The Canadian dollar dipped against its US counterpart, easing slightly from a nearly 10-month high last week, as investors awaited a Bank of Canada interest rate decision on Wednesday.
The surging Israeli currency is putting pressure on the country’s central bank.