It’s been a tumultuous week in UK markets, and for traders that’s meant cancelling dinner plans and waking up in the night.
Today’s column has a problem with complacency and worries about the chances of future generations forgetting the principles of the FX Global Code the way they did previous best practice documents. Luckily, being a “
Topics include a discussion about an eye-opening chat at the start of the Profit & Loss conference in Hong Kong, which looked at the chaos in Washington DC, the evolution of AI and
A Competition and Markets Authority (CMA) investigation into “certain types of financial product”, revealed in a brief statement on Friday, is focused on activity in London’s multi-billion pound bond markets.
- UK Competition Regulator Probes Suspected Financial Services Cartel – Financial Times (subscription)
New research suggests that far from penalising banks that have a reputation for misconduct, clients actually reward it.
Authorities should consider the effects of clearing reforms on non-systemically important firms.
- FSB and Standard-Setting Bodies Publish Final Report on Effects of Reforms onIncentives to Centrally Clear Over-the-Counter Derivatives – FSB
Banks and asset managers across the capital are preparing for the harshest possible exit from the European Union after May’s cabinet ministers approved a controversial 585-page Brexit agreement that triggered a flurry of ministerial resignations and prompted sharp falls in the value of the pound.
If Brexit occurs without a deal between the UK and EU in place, what happens to the flow of information between regulators like the Financial Conduct Authority and the European Securities and Markets Authority?
It is tempting for the UK to try to overhaul EU rules but swift changes to regulation would be premature.
Swaps users in Japan have
The Securities and Exchange Commission this fiscal yearreceived the largest number of tips from whistleblowers—and paid out the most in rewards—ever.
The Managed Funds Association has written to both the Commodity Futures Trading Commission and the Securities and Exchange Commission proposing a ‘harmonized approach to the regulation of firms that are SEC-registered investment advisers and also CFTC-registered commodity pool operators.
An unorthodox move by one of the world’s biggest cryptocurrency platforms to change the terms on $135 million of derivative contracts has infuriated some traders and saddled several with losses, underscoring the risks of using unregulated virtual currency exchanges.
Switzerland’s main stock exchange has given a green light to the world’s first
A bit like the Burberry scarf, bitcoin has become a victim of its own success, with countless knock-offs undermining its value.
Lack of regulation and concerns of an overheated market have dissuaded big institutions from hiring specialists.
Silver Castle, Israel’s first dedicated cryptocurrency investment firm for institutional and accredited investors, launched two funds this month and expects to have $50 million under management by the end of the year.
There have been more moves in FX sales and trading on Wall Street as some banks look to cut costs and others try to bulk up their teams.
Louisa Kwok has joined State Street Global Link in London as product manager in its trade services business, reporting to Kate Lowe, global head of trade services.
Richard Elston, head of institutional at CMC Markets, talks about the transforming landscape offoreign exchange, including structural changes and fragmentation in FX markets, organisations’ varying liquidity needs and ashift towards cross-asset trading on the buy side.
“The thing that you should not underestimate is thepsychology of traders,” Olivier Osty, head of global markets at BNP Paribas, said in an interview.
Sterling rose on Monday as British Prime Minister Theresa May sought to win support for her draft European Union divorce deal which has come under attack from many in her ruling Conservative Party.
Political uncertainty ripples through UK financial markets as they seek to cover bases.
The dollar steadied on Monday after posting its biggest weekly drop in two months last week as investors grew cautious about the near term outlook for the greenback after dovish comments by US policymakers.
Emerging markets rebounded as central banks including those of Indonesia and Mexico