Top Headlines

There Are Going to Be Some Major Debates Inside the Fed This Week – Bloomberg We probably won’t learn anything new at the conclusion of this week’s Federal Open Market Committee meeting, but that doesn’t mean policymakers at the central bank won’t have lots to debate among themselves.

China Central Bank Lowers Guidance Rate on Seven-Day Reverse Repo to 2.25 percent ; Traders – Reuters The guidance cut comes after the People’s Bank of China cut the benchmark one-year lending rate on Friday evening by 25 bps to 4.35 percent.

Will the UK see a Rate Hike in 2016? – Bloomberg John Wraith, head of UK rate strategy at UBS, discusses UK interest rates and the Bank of Japan’s decision on stimulus.

Here’s One Europe Central Bank Turning Corner with its Currency – Bloomberg Next year’s looking like when Sweden will finally learn to live with a stronger krona.



Regulatory News

FCA Bans Former Weavering Capital CEO – Profit & Loss The UK’s Financial Conduct Authority has banned Magnus Peterson from performing any function related to any regulated activity.

France Warns that EU Securitisation Push Lacks Ambition – FT.Com (subscription) France’s markets regulator has warned that EU plans for reviving the continent’s moribund securitisation market will struggle to achieve lift-off without a more ambitious approach.



Company News

Knight to Leave StanChart? – Profit & Loss Sources say that Chris Knight, head of e-trading (east) for FX rates and credit at Standard Chartered, is to leave the bank.

Deutsche’s Cryan to Slash Jobs, Bonuses and Assets – FT.Com (subscription) John Cryan will aim to cement his reputation as an unflinching cost cutter when he unveils a new strategy for Deutsche Bank on Thursday — by reducing bonuses, slashing staff, selling assets and overhauling technology.



Market Savvy  

Oil Prices Extend Losses as Glut Worries Persist – Reuters Oil prices fell on Tuesday, extending losses into a third week, on worries over a supply glut and with US inventory data expected to show another increase in crude stocks.

Time for Some European Banks to Ask: Should We Be in Trading at All? – Financial News (subscription) Sometimes things only make sense when you see the bigger picture. This could be the case with the restructurings of Credit Suisse and Deutsche Bank that made headlines last week.

US Faster Payments: Banking’s Technological Backwater – Euromoney Fintech firms and foreign adoption of faster payments are revealing what many have long known – US consumer banks have resisted innovation in favour of profits.



Press Releases

Intercontinental Exchange to Buy Interactive Data – Profit & Loss Intercontinental Exchange (ICE) says that it will buy Interactive Data Corporation (IDC), from Silver Lake and Warburg Pincus.

ASX Considers Blockchain for Clearing and Settlement – Sydney Morning Herald Bitcoin’s decentralised transaction record blockchain is being considered to replace the Australian Securities Exchange’s CHESS clearing and settlement system.



Industry Events