ECB Attempts to Discourage Trading Against Euro FX Reference Rates – Profit & Loss The European Central Bank plans to delay the daily publication of its euro FX reference rates in order to discourage firms from using the rate as a benchmark to trade against.
Oil Plunges to Near Seven-Year Lows – Wall Street Journal (subscription) No respite to industry’s supply concerns.
Latest Volume Data More Mixed – Profit & Loss Following last week’s release of lower average daily volume data from several platforms, three other FX venues have reported – with mixed results.
Blockchain Moves From Hullabaloo to Hard Graft – Euromoney In the second half of 2015 hype around the potential for shared ledger technology to transform banking rose to a peak. Now comes the hard work as banks and fintech companies seek to put test cases into actual use.
Hillary Clinton: How I’d Rein in Wall Street – New York Times Seven years ago, the financial crisis sent our economy into a tailspin. Over five million people lost their homes. Nearly nine million lost their jobs. Nearly $13 trillion in household wealth was wiped out.