Written testimony has been lodged relating to former HSBC FX trading head Mark Johnson’s appeal against his conviction for wire fraud in the US and it contains a few surprises – some of which may indicate stronger implications for the FX industry than the original trial.
A new research note from CME Group looks at whether FX options skews can be used to predict where certain currencies will move relative to the US dollar.
Theresa May has agreed a revised Brexit deal in last-ditch talks with European Commission President Jean-Claude Juncker, as she seeks to avoid a crushing Commons defeat.
What will happen to your London banking job when and if Brexit takes place? City thinktank New Financial has issued a report summarising the current state of play.
The number of bankers in the European Union paid over a million euros ($1.1 million) a year rose in 2017 to nearly 5,000, even after regulators capped bonuses.
Regulators and policymakers exploring AI for market surveillance face their own challenges around unstructured data use and retaining relevant talent.
Parliament votes Tuesday to ease UK’s exit from the EU, but some in the financial industry haven’t waited to forge their own path.—
There is too little time left to prepare reporting systems fully for amendments to financial market transparency requirements if the UK leaves the European Union without a deal on March 29, the industry fears.
London’s lawyers have thrived on the back of the City. But their primacy may come under threat in areas like the $742 trillion derivatives market.
Along with touting proposals for wealth and income taxes aimed at the affluent, some Democrats on Capitol Hill last week unveiled a bill to impose a financial transaction tax. This particular revenue raiser, beloved by leftists in Europe, would levy a 0.1 per cent tax every time a share, bond or derivative changes hands.
At an FSB workshop on compensation practices, banks reported an increased focus on conduct risk, management accountability and culture reform.
President Donald Trump has repeatedly vowed to loosen Wall Street’s leash, but some of regulators’ most meaningful efforts to revamp post-crisis constraints on big banks are running into problems.
German exchange group has partnered with Swisscom and FinTech company Sygnum to build a regulatory compliant financial market infrastructure for digital assets.
Digital currency exchanges are using established market surveillance services in a move that steps closer to institutional-level infrastructure.
Digital assets may be the hottest asset class in decades with approximately $10.2 billion of them currently under management, but the buy-side middle and back offices find it difficult supporting the novel assets.
LCH has expanded its non-deliverable interest rate swaps offering to include five additional currencies. Market participants are now able to clear this product denominated in Brazilian real, Chilean peso, Colombian peso, Taiwan dollar and Thai baht.
Cboe will operate a multilateral trading facility (MTF) and approved publication arrangement (APA) from Amsterdam as the UK’s departure from the European Union grows closer.
Macquarie has hired FX experts Trang Le in Hong Kong and Eimear Daly in London.
Sterling implied volatility rose sharply on Tuesday as lawmakers prepared to vote on a divorce deal after Prime Minister Theresa May won last-minute assurances from the European Union.
The dollar fell on Tuesday after an apparent breakthrough in Brexit negotiations between the European Union and Britain encouraged buying of riskier currencies.
It’s possible that global economic growth will stabilize while inflationary pressure remains absent and the top central banks stay on hold for the next 24 months. But that scenario is being overpriced by the markets, according to Morgan Stanley.