FCA Fines Threadneedle £6m – E Financial News
The Financial Conduct Authority has fined Threadneedle Asset Management £6 million for lax controls in its fixed income front office that enabled a fund manager to initiate, execute and book a $150 million trade that could have incurred a $110 million loss for client funds.
HSBC Blazes a Trail in Flagging Asian Fixed Income – The Trade
HSBC continues to lead the way in the Asian fixed income trading by holding an 11.8% market share according to a report by Greenwich Associates.
Saxo Bank’s 10 for 2016 – Drawing Attention to the Unfathomable – Profit & Loss
Saxo Bank has released its annual set of ‘Outrageous Predictions’ for the year ahead – 10 unlikely, yet perhaps underappreciated, events that could have significant consequences on the financial landscape as we head into 2016.
BlackRock Sees RBA Cutting Again, Risk of Further Aussie Decline –Bloomberg
BlackRock Inc. reckons the Reserve Bank of Australia will be forced to lower interest rates as challenges to the nation’s economy mount and there are risks that the currency will fall further.
Reuters Targets Corporates with FX Monitor Launch – Profit & Loss
Thomson Reuters has launched FX Monitor, a product for corporate treasurers, in Eikon Messenger.