Top Headlines

Fed’s Brainard Urges Caution Amid Fed Split on Rate Hike Timing – Reuters The Federal Reserve should hold off on any interest rate hike until it is clear that a global slowdown, trouble in China and other international risks will not push the U.S. recovery off course.

Swiss President Says No Need for Emergency Franc Measures – Reuters Switzerland’s government does not currently see the need to introduce emergency measures to help the economy deal with a surge in the Swiss franc’s value, the Alpine nation’s president said on Monday.

Switzerland Said to Impose 5% Leverage Ratio on Biggest Banks – Bloomberg Switzerland’s finance ministry will require the country’s biggest banks to have capital equal to about 5 percent of total assets afterUBS Group AG and Credit Suisse Group AG sought to win easier terms.

Talk Is Cheap for Euro as QE’s Diminishing Returns Thwart Draghi – Bloomberg Traders are losing their faith in Mario Draghi’s ability to weaken the euro.

The Cost of Knowing Your Customer: When Compliance Is a Deal Breaker TabbForum The challenges to providing and collecting Know Your Customer data can prove costlier than the value of the business being proposed, and both buyers and sellers are walking away from deals.

Fortress Investment Group Plans to Close Flagship Macro Hedge Fund – Wall Street Journal (subscription) Fund head Michael Novogratz is expected to leave the private-equity and hedge-fund firm.



Regulatory News

Draft EU Rules Pose Threat to London’s China Finance Ambitions – Financial Times (subscription) Concerns are mounting in the City of London that proposed European rules will stymie efforts to make Britain the principal offshore base for Chinese finance.

FCA Promises Change as Lawmakers Find ‘Deep, Cultural Problems’ – Bloomberg The Financial Conduct Authority has “deep cultural problems,” a senior U.K. lawmaker Andrew Tyrie said after the regulator responded to parliamentary criticism of how it handled a newspaper article that sent shares in insurance companies tumbling.



Company News

Barclays Preparing to Name Former J.P. Morgan Executive Jes Staley Its New CEO – Wall Street Journal (subscription) Former J.P. Morgan Chase executive would succeed Antony Jenkins.

Solinger Exits Traiana: Heads for FIA – Profit & Loss Nick Solinger, head of product strategy at Traiana, has left the firm to join FIA Technology Services, the for-profit arm of the Futures Industry Association.

Nasdaq Tackles High-Speed Trading in Treasurys – Wall Street Journal (subscription) New Nasdaq system will let investors in Treasurys avoid trading with certain firms.



Market Savvy  

China Trade Data Unsettle Asian Bourses – Financial Times (subscription) Chinese trade data rattled Asian markets as a bigger-than-expected fall in imports offset the cheer afforded by a record mainland trade surplus and slower pace of decline in exports.

Singapore Set to Ease as Currency Faces Rerun of ’97 Asia Crisis – Bloomberg Singapore’s central bank is poised to ease monetary policy for the second time in 2015 in an effort to revive dwindling growth, economists predict.



Press Releases

SmartStream Introduces Real-Time Cash Management – Profit & Loss Transaction Lifecycle Management (TLM) specialist SmartStream, is to introduce a new TLM cash management module for the front-office.



Industry Events