Top Headlines

Draghi Says Growth Returning, Calls for Further Euro Integration – Bloomberg European Central Bank President Mario Draghi said growth is returning in Europe, after the region failed to make a major contribution to the global expansion in the past seven or eight years.

PBOC’s Yi Proposes Punitive Tobin Tax to Deter Yuan Speculators – Bloomberg China should implement punitive measures such as a so-called Tobin tax to deter currency speculators, according to central bank Deputy Governor Yi Gang.

Job Growth Seen Accelerating, Leaving Fed Closer to Hike – Reuters US employers likely added jobs at a brisk pace in September, a sign that the labor market is near full strength and could push the Federal Reserve to raise interest rates

Moving From T+2 to T-Instant – Financial News (subscription) In the securities domain, there have been many complaints about the operational complexity and the high cost of post-trade processing.

Banks Finalize $1.86 Billion Credit-Swaps Settlement – Wall Street Journal (subscription) Wall Street’s biggest banks have agreed to pay $1.86 billion to settle accusations that they conspired to prevent competition in the credit-derivatives markets, according to plaintiff lawyers in the private lawsuit.



Regulatory News

Bank of England Says Might Raise Top-up Capital Buffer for Banks – Reuters The Bank of England has signalled that it might raise for the first time the amount of capital that banks must set aside as extra protection against risks from future crises.

Global Markets Will Only Get More Volatile and Put UK Lending at Risk, BoE Warns – Telegraph The stock market turmoil that followed Black Monday could become a common occurrence, with serious implications for bank lending in the UK.



Company News

FXCM Victim of Cybersecurity Incident – Profit & Loss FXCM says that it was the victim of a criminal cybersecurity incident involving unauthorised access to customer information.

From Belligerent Bantamweight to Gentler Giant: 20 Years of DTCC Abroad – Financial News (subscription) It is 20 years since Bill Hodash stepped out of the lift on the 13th floor of a skyscraper at 1 Undershaft, in the City of London, and walked into his new office.

Lloyds Head of FX Products Henrikson Said to Exit by Year End – Bloomberg Lloyds Banking Group Plc’s head of foreign-exchange products, Anders Henrikson, is leaving the lender by year end after fewer than three years in the role.

October 1st Brings New Data Fees from EBS, and Debate About Trading Costs – Finance Magnates Will rising prices for market data and the race to zero latency lead to changes of an equal playing field for FX trading?



Market Savvy  

Global Stocks Rise Ahead of US Jobs Report – Wall Street Journal (subscription) European shares rise after mixed stock-market showing in Asia.

Emerging-Market Exodus Gains Steam – Wall Street Journal (subscription) Half a trillion dollars set to exit this year, banking group forecasts, in first annual outflow in decades.



Press Releases

MAS Consults on Margin Requirements for Non-Centrally Cleared OTC Derivatives – MAS The Monetary Authority of Singapore (MAS) issued for consultation today proposals to implement margin requirements for non-centrally cleared over-the-counter (OTC) derivative trades (uncleared derivatives).



Industry Events