The Federal Reserve Bank of New York has taken the step of publishing a statement detailing how it handles confidential information from
There is nothing like a flash event to get people
Big banks are throwing extra resources into prime broking, betting on their embattled hedge fund clients to provide a much-needed revenue boost as other areas falter.
Federal Reserve officials signaled they are unlikely to raise interest rates for at least a few months while they assess the impact of recent market volatility on the US economy.
That didn’t take long. With most people in the City only back at work this week after the Christmas break, banks are already handing out new contracts asking staff to move to Europe because of Brexit. In some cases, recipients have only been given a few days to sign, or not.
The impact of rules related to research payments for investment management firms under Europe’s MiFID II regulation will likely see further consolidation on the buy-side, consultancy Deloitte has said.
Swedish markets regulator Finansinspektionen has called for lawmaker-backed resolution plans for
The EU insolvency regime may affect EU firms’ ability to remain clearing members of UK CCPs.
The low volume of cleared swaps based on Eonia, the euro overnight index average rate, may make it difficult to transition to a new risk-free interest rate based on actual transactions as required by regulators.
The European Commission has its work cut out after an official report concluded that the patchwork of different rules across the European Union covering crypto-assets could be exploited, and consumers could be failed by a lack of regulations.
Platforms trading crypto-assets that qualify as
A survey of central banks by the Bank for International Settlements (BIS) finds that while a majority are collaboratively looking at the implications of issuing a central bank digital currency (CBDC), indeed many have reached the stage of considering practical issues, they are proceeding cautiously with few reporting plans to actually issue a digital currency in the short or medium term.
If you think the crypto ecosystem is good, then bring the rest of finance into that system – even if it’s not particularly crypto-y on its own.
For the first time, trades registered in LCH’s SwapAgent service were successfully compressed in TriOptima’s multilateral USD/EUR cross-currency swap compression cycle.
Bloomberg, the financial data and information company, brought in record revenue in 2018, surpassing $10 billion for the first time, according to insiders who were informed by senior management.
Sterling hit a one-week low against the euro and dipped against the dollar on Thursday after British Prime Minister Theresa May lost two Brexit-related votes in two days, fuelling speculation she will soon face a general election.
The dollar on Thursday languished near a 3-month low on signs the Federal Reserve may soon pause its interest rate tightening cycle.
China’s currency strengthened to its firmest level against the dollar in more than 150 days on Thursday as the greenback continued losing ground to a number of currencies in the Asia Pacific region.