Top Headlines

IMF Expected to Confirm RMB Entry to SDR – Profit & Loss The board of the International Monetary Fund (IMF) is expected to formally ratify the Chinese renminbi’s inclusion in its Special Drawing Rights (SDR) basket.

• IMF’s Yuan Inclusion Signals Less Risk Taking in China – Reuters

Bank of England Worries From Property to Debt May Need Action – Bloomberg Bank of England Governor Mark Carney will reveal on Tuesday just how worried he is about parts of the U.K. financial system.

• BoE’s Vlieghe Says ‘Relaxed’ About Waiting to Hike Rates – Reuters

China, Britain studying feasibility of Shanghai-London Stock Connect – China Daily Chinese and British securities watchdogs are studying the feasibility of a proposed program to link the two countries’ stock markets, the China Securities Regulatory Commission (CSRC) said.

FX Trading Not Ready to Benefit From Safeguards of Blockchain – Pensions and Investments Foreign-exchange pace said to be too much for burgeoning technology.

Hayes Poised to Challenge 14-Year Libor Sentence, Conviction – Bloomberg Tom Hayes, the former UBS Group AG trader given a 14 year-prison term for manipulating Libor, returns to court this week to try to persuade the U.K.’s top judge to overturn one of the longest sentences ever issued in Britain for a white-collar crime.

Regulatory News

EU Lawmakers Back One-Year Delay to 2018 for MiFID Securities Law – Reuters A group of senior European Parliament lawmakers have said they are ready to back a one-year delay to January 2018 for the introduction of a landmark reform of European Union securities markets.

EU Transaction Tax Falters as Austria-Imposed Deadline Nears – Bloomberg A proposed European financial-transactions tax is foundering as 11 participating nations try to meet a December deadline to decide how to charge levies on an array of financial products.

Company News

Barclays Facing Further FX Lawsuit – Profit & Loss Barclay’s FX business’ woes have continued with a US-based fund bringing a class action lawsuit against the bank over its use of last look.

Market Savvy  

Euro Heads for Biggest Monthly Loss Since March on ECB Outlook – Bloomberg The euro fell against the dollar and headed for its biggest monthly decline since March, as economists unanimously forecast the European Central Bank will unveil additional stimulus this week.

Emerging-Market Defaults Rise After Asia’s Debt Pileup – Wall Street Journal (subscription) Emerging-market corporate defaults hit their highest level in six years.

The $30 Oil Cliff Threatening Russia’s Economy – Bloomberg For Russia, $30 is the number to watch.

• OPEC Is Ready to Rumble Over Saudi Output – Wall Street Journal (subscription)

World’s Biggest Pension Fund Loses $64 Billion Amid Equity Rout- Bloomberg The world’s biggest pension fund posted its worst quarterly loss since at least 2008 after a global stock rout in August and September wiped $64 billion off the Japanese asset manager’s investments.

Press Releases

FXecosystem Connects to Hibernia Link – Profit & Loss Connectivity provider FXecosystem has become one of the first organisations to be upgraded onto Hibernia’s new Ultra 5 Express Circuit which provides an even faster connection between London and New York.

Consolidated Swap Data Feed Launched – Profit & Loss Interactive Data has added Global Trade Repository Analytics’ (GTRA) normalised swap data from the four principal Swap Data Repositories (SDR) to its Consolidated Feed product.

Industry Events

• 11th Annual FIA Asia Derivatives Conference, 8-10 December in Singapore