The Federal Reserve held interest rates steady on Wednesday and indicated that moderate US economic growth and “strong job gains” would allow it to tighten policy this year, with fresh projections showing policymakers expected two quarter-point hikes by the year’s end, half the number seen in December.
No other central banker has more experience with negative rates than Lars Rohde. As governor of Danmarks Nationalbank, Rohde oversees a monetary policy institution that has kept its rates below zero for the better part of almost four years.
British finance minister George Osborne delivered his annual budget statement to parliament on Wednesday.
Hedge funds, eat your heart out. For all the speculation last year that Denmark would be cornered into a humiliating climbdown on its currency’s peg to the euro, it seems the central bank has had the last laugh.
The German government would welcome efforts aimed at a merger of Deutsche Boerse and the London Stock Exchange if they led to a strengthening of Frankfurt as a financial center, government spokesman Steffen Seibert said on Wednesday.
Political tensions are eroding the gains South Africa’s rand has reaped from the bounce in commodity prices, as a stand-off between finance minister Pravin Gordhan and the police sours investor confidence.
London’s future status as the financial capital of Europe is a key factor in the debate about whether the U.K. should leave the European Union. It would be a mistake for either side of the argument to underestimate quite how aggressively London’s competitors would attempt to wrest trading revenue away from the U.K. capital should the June 23 referendum vote in favor of what’s known as Brexit.
FIA filed a comment letter with the Commodity Futures Trading Commission (CFTC) in response to its proposed rule on automated trading.
A new global foreign exchange code, laying out practices that are acceptable to foster transparency, is due to be release in May 2017, the RBA says.
Perhaps trying to burnish his legacy on financial reform, President Obama has recently trumpeted his signature steps to transform Wall Street in the years since the financial crisis that confronted him as he began his term eight years ago.
Expect derivatives exchanges to continue diversifying away from their core business of providing a platform for trading, was the message from exchange heads at the FIA Boca conference.
Goldman Sachs’s currency team is on a losing streak.
Montréal Exchange (MX) is launching Canadian dollar interest rate swap futures. The contracts will be cleared at the Canadian Derivatives Clearing Corporation and will be available to trade on MX from September this year.
Asian shares gained across the board on Thursday as risk appetite revived after the Federal Reserve reduced the number of interest rate hikes expected this year, while the dollar nursed substantial losses.
The pound fell versus most of its 16 major peers before Bank of England officials announce their latest interest-rate decision Thursday.
Brazil’s currency slid for a third successive day on Wednesday on fears that a Cabinet reshuffle could indicate a shift toward looser fiscal and monetary policy in the crisis-ridden economy.
Moscow Exchange”s (MOEX) benchmarks for the currency, equity, bond and money market segments have been recognised as compliant with the principles of the International Organization of Securities Commissions (IOSCO), confirming the Exchange”s commitment to good global practices in financial benchmarking.
Accenture’s 2016 Compliance Risk Study calls for building the compliance function of the future.
FIA: Boca 2016, 15-18 March in Boca Raton, FL
FOW: Derivatives World, 12-13 April in Hong Kong
FX Week FX Invest North America, 12 April in Boston, MA
Profit & Loss Forex Network London, 14 April in London, UK
Profit & Loss Latin America, 20 April in Mexico City
ACI World Congress 2016 – Indonesia, 26-30 April, Jakarta
Eurofinance: Asia Treasury, 18-20 May in Singapore
Profit & Loss Forex Network New York, 26 May, New York City
FIA: IDX 2016, 7-8 June in London, England
Profit & Loss Scandinavia, TBD September, Copenhagen
Profit & Loss Forex Network Chicago, 28-29 September, Chicago, IL
Sibos 2016, 26-29 September in Geneva, Switzerland
FIA: Expo, 18-20 October in Chicago, IL