JGB 10-Year Yield Drops Into Negative For First Time as Nikkei Tanks –Reuters
The benchmark 10-year Japanese government bond yield dropped into negative territory for the first time on Tuesday, as Tokyo’s Nikkei tanked and fuelled demand for safe-haven debt.
Fed May Lack Legal Authority for Negative Rates: 2010 Memo – Bloomberg
The Federal Reserve may not have the legal authority to set negative interest rates in the U.S., according to a 2010 staff memo that was posted late last month on the central bank’s website.
SNB Hasn’t Yet Reached Rock Bottom on Deposit Rate, Jordan Says –Bloomberg
The Swiss National Bank could reduce its already negative deposit rate further, its President Thomas Jordan said.
As RMB Internationalises, Questions Arise Around Settlement – Profit & Loss (subscription)
A turning point year for the Chinese currency, 2015 foretold a new era for the RMB. As the currency gains in prominence, China faces decisions around settlement mechanisms, which will be crucial to its acceptance as a truly international currency.
ECB’s Coeure Sees G20 Coordination Emerging Market Currencies – Reuters
Weakness in emerging market economies risks triggering further depreciation of
their currencies and will be addressed in a coordinated manner, ECB Executive Board member Benoit Coeure said on Monday.
Bank of Russia Says Banks Will Need More Capital for FX Lending – Leaprate
In a bid to protect the banking sector from possible further ruble declines, The Bank of Russia officially suggested over the weekend setting increased risk ratios on FX loans and debt investments to ensure additional capital coverage of currency risks of the banking sector.
Currency Interventions Jumped Before Czechs Delayed Cap Exit – Bloomberg
The Czech central bank stepped up koruna sales in December, about a month before it announced the extension of its intervention regime and considered more measures to defend the Swiss-style currency cap.
Smart Beta Products Risk Misleading Investors – Financial Times(subscription)
Investors may be surprised by two fundamentally different approaches under one smart-beta label
Deutsche Bank: Banks Must Partner with Fintech and Digital Currency Businesses or Risk Disappearing Altogether – Bitcoin Magazine
The number of banks experimenting with blockchain technology and looking at their own digital currencies is growing by leaps and bounds, so it’s no surprise that Deutsche Bank is well on its way to having its own blockchain technology.
A Compliance Officer Will Go to Jail in 2016 – Software AG (blog)
In the property market there is a saying: “location is everything.” In capital markets in 2016 the saying will be: “regulation is everything.”