Political risk, the market phenomenon of 2016, showed signs of a return, knocking the euro back on investor concerns about the French presidential elections.
Weidmann retorts to attack from US, raising spectre of clash over Trump’s rhetoric.
The British pound steadied around $1.25 after a series of swings a day earlier driven by competing signals on the outlook for growth, interest rates and Britain’s withdrawal from the European Union.
Dollar strength and European political risks kept emerging markets under pressure, with equities slipping for a second straight day and China’s yuan touching a three-week low.
Bigger uncertainty over currency is whether its rise creates instability and a backlash.
Weakness in the euro leaves the Swiss franc flirting – bar its Brexit-vote surge in June – with its strongest level in 18 months.
Singapore-based Spark Systems will start a live trial of its currency platform in March, hoping to lure traders with lower fees than existing offerings in the city.
The world’s $544 trillion derivatives market warned of potential market disruption without a six-month phase-in for a new rule requiring trades to be backed by cash in case of default.
President Donald Trump’s pledge to dismantle the Dodd-Frank financial overhaul is colliding with the same reality as his pledge to gut Obamacare: the Republican majority in Congress can’t decide how to make it happen and Democrats are vowing to fight.
- US Derivatives Industry Anticipates Modest Dodd-Frank Changes – Financial Times (subscription)
- Don’t Expect Europe to Lie Down Over Dodd-Frank – Bloomberg
- If Trump Repeals Dodd-Frank, It Would Be a ‘Monumental Mistake’ – CNBC
No specific European Union rules are needed to regulate blockchain for the time being given the sector’s still limited reach, the bloc’s securities watchdog said.
The World Federation of Exchanges urges flexibility and cross-border cooperation for CCP resolutions plans.
European regulation could see an overhaul post-Brexit as the region follows trends in the US, according to chief executive officer at the Intercontinental Exchange (ICE), Jeffrey Sprecher.
Just as concerns grow that central bank monetary policy is under threat of becoming politicized, there are also fears that politics is corroding the objectivity of rule makers, putting the stability of the financial system at risk.
Yuniti is designed to be a fully integrated trading platform that will provide a single screen view of all the liquidity pools in EBS BrokerTec’s portfolio.
FastMatch, has announced today that Brian Friedman, president, and Jimmy Hallac, managing director, of Leucadia National Corporation, have joined its board of directors.
Andres Choussy has left his position as head of derivatives clearing for the Americas at JP Morgan.
Most Asian currencies were steady to firmer, but still nursed losses from the previous day when they fell on worries over European political risks and after data showed a drop in China’s foreign exchange reserves.
The Canadian dollar hit its weakest close in more than two weeks against a broadly higher US counterpart, with falling oil prices and concern about some details of a trade surplus report weighing.
The shekel-dollar exchange rate is trading at last summer’s low-levels despite major foreign currency purchases by the Bank of Israel.