Europe’s financial institutions could be put at a competitive disadvantage if the EU adopts proposals to extend a freeze on closing out derivatives contracts with troubled firms, ISDA has warned.
The dollar is stuck at the lows it reached on a cocktail of persistent political turmoil and caution from the Federal Reserve.
Being bearish the dollar is the second most crowded trade across markets, according to respondents in Bank of America Merrill Lynch Global Research’s August fund manager survey.
Sterling rebounded from hitting a seven-year low against the euro after forecast-beating jobs data shielded it from an intense bout of pressure.
The euro has taken a lurch lower this morning, falling 0.5 per cent against the dollar as investors get ready to digest the European Central Bank’s latest thinking on its stimulus programme.
Japan’s yen has fallen to its weakest level since before last week’s flare-up in tensions between the USA and North Korea, with investor attention refocusing on economic matters as the political focus in the US has shifted elsewhere.
Paul Aston, CEO of Tixall Global Advisors, discusses the feasibility of peer-to-peer FX matching between large buy-side firms.
And what I believe will be a catalyst for change in the industry – price.
London is set to retain its position as the city with the greatest capacity in private data links, a lead that may help stem any erosion in the city’s position as Europe’s premier financial center, even after the UK leaves the European Union.
Make no mistake: There was plenty of wrongdoing on Wall Street in the years leading up to the financial crisis.
Esma and FCA divided over when participants must determine whether derivatives are trading on-venue.
Austan Goolsbee, chairman of the Council of Economic Advisers under the Obama administration, said the last few days of political chaos is a “basic nightmare” for the White House’s chief economic advisor, Gary Cohn.
California lawmakers urge the US Senate to reject attempts to roll back consumer protections under the 2010 Dodd-Frank reforms.
Treasury aims to make staffing and budget decisions for market risk watchdog.
Faced with the prospect of a new federal fintech charter, state agencies are considering drastic new steps to streamline regulation across state lines.
Future of €180 trillion Euribor swaps market unclear as banks yet to agree support.
Australia plans to strengthen its anti-money laundering laws and regulate digital currencies such as bitcoin in the wake of a financial scandal involving its biggest bank, Commonwealth Bank of Australia.
New timeline focuses minds on product and contract gaps – but some end-users want to stay put.
Prosecutors, state regulator and financial watchdog now examining German stock exchange.
“Strategic acquisitions” are on the line as the company hires JPMorgan and Jefferies as joint book-running managers.
As artificial intelligence, machine learning, and robotic process gather greater traction in the middle and back office, many firms are preparing for new regulatory regimes by throwing bodies at their problems.
Forex moves were settling down in Asia, with most currencies in the region slightly firmer against the dollar following volatility earlier in the week.
Iceland’s krona hit an 11-month low against the euro as a series of rate cuts appear to have finally brought an end to a long rally that was making it impossible to meet the central bank’s inflation target.
Emerging stocks sailed higher for a second day and many currencies firmed after diminishing US interest rate prospects and political upheaval in Washington hurt the dollar while choppy commodity prices cast a shadow over some markets.