Currency Spoofing is Said to Be New York’s Latest Target

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Top Headlines

Currency Spoofing Is Said to Be New York’s Latest Target – Bloomberg The New York attorney general is investigating possible manipulation in foreign-exchange trading, according to a person familiar with the matter, aiming more scrutiny at a market already tainted by scandals that have led to billions of dollars in fines.

China on Track to Hit 7 Percent GDP Growth Target This Year: Premier Li – Reuters Chinese Premier Li Keqiang said on Tuesday China was on track to reach its economic growth target of about 7 percent this year, and the economy was going through adjustments to maintain reasonable medium- to long-term growth.

Carney Says Low UK Interest Rates to Remain `For Some Time’ – Bloomberg Bank of England Governor Mark Carney said Britain is going to have low interest rates “for some time” and officials must watch out for financial-stability risks arising from cheap borrowing costs.

Blockchain Technology Could Reduce Role of Banks, Says BIS – Reuters Blockchain technology could reduce the role of intermediaries such as banks and settlement houses, the Bank for International Settlements – or “the central bankers’ central bank” – said in a report.

 

 

Regulatory News

ECB Says Leverage Ratio Makes Banks More Stable – Wall Street Journal (subscription) Lenders have raised concerns new standard could prompt them to take more risk, offsetting benefits.

Capital Burden of US Bank Exams Could Rise, Tarullo Says – Bloomberg Large US banks will probably have to endure tougher scrutiny of their capital to pass annual stress tests, Federal Reserve Governor Daniel Tarullo said.

The Single Supervisory Mechanism After One Year: State of The Art and Challenges Ahead – ECB Speech by Danièle Nouy, Chair of the Supervisory Board of the Single Supervisory Mechanism.

 

 

Company News

Hitchins Joins Jefferies – Profit & Loss David Hitchins has joined Jefferies in London as head of FX, EMEA.

Gian Luca Fetta Lands at Santander as Global Head of FX – Finance Magnates Gian Luca Fetta, the former Global Head of Foreign Exchange (FX) at Societe Generale SA, has landed at Santander in a similar role as in London, Finance Magnates learned.

Deutsche Bank Co-CEO Cryan Says Bankers Still Paid Too Much – Bloomberg Deutsche Bank AG co-Chief Executive Officer John Cryan, almost five months into his revamp of the firm, said bankers still earn too much money and are often promised rewards too quickly.

Redline Partners With Nasdaq eSpeed on US Treasuries – Profit & Loss Redline Trading Solutions says that its InRush accelerated ticker plant now supports Nasdaq eSpeed, a fully executable central limit order book for electronic trading in US Treasuries.

 

 

Market Savvy  

Will the Euro Fall to $1? Interest Rates Aren’t Investors’ Only Guide – Wall Street Journal (subscription) Many believe the euro will weaken as U.S. and European policy diverges—but history suggests investors shouldn’t be quite so sure.

OPEC Seen Holding the Line as $40 Crude Looms Over Vienna – Bloomberg It’ll take more than $40 crude to make OPEC change its mind, analysts said before the group’s Dec. 4 meeting in Vienna. 

 

 

Press Releases

SIFMA Announces Key Findings of the Quantum Dawn 3 Cybersecurity Exercise – SIFMA SIFMA today published a summary of the key findings derived from its Quantum Dawn 3 cybersecurity exercise held on September 16, 2015.

 

 

Industry Events