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Mario Draghi’s comment that the eurozone still needs “an extraordinary amount of monetary support” have kept the euro under pressure in Asian trade.
Sterling rose against the dollar, with investors shrugging off opinion polls showing British Prime Minister Theresa May’s lead over the Labour opposition narrowing less than two weeks before a general election.
A hung parliament in the UK’s upcoming general election could prove good news for the pound if it leads to the prospect of a centre-left coalition that pursues a “softer” Brexit, according to strategists at JPMorgan.
A new round of political worries over Greece, Italy and Britain had European currencies on the retreat against the dollar, the resulting bleaker mood on stock markets also pushing the yen broadly higher.
Although most of the attention is on institutional adherence to the Code of Conduct, there is also a great deal that individual employees need to know.
South Africa’s rand was pulling back in early Asia trade from gains of close to two per cent that had followed President Jacob Zuma’s success in fending off a no-confidence motion from his party at the weekend.
The Mexican peso has seen a “favorable” trend, but is still subject to volatility that requires authorities to be “cautious, careful and responsible,” Finance Minister Jose Antonio Meade said at an event in Mexico City.
Securities and Exchange Commission Chairman Jay Clayton will hire a former prosecutor and veteran litigator from his former law firm to run enforcement at the markets regulator, according to people familiar with the matter.
The Trump administration is planning to eliminate a part of the Securities and Exchange Commission budget that the regulator has been using to build tools for identifying insider traders and pursuing enforcement actions.
The finance industry may get a fresh opportunity to chip away at an Obama-era rule that cracked down on Wall Street conflicts of interest, as the Securities and Exchange Commission is considering reviewing the responsibilities that brokers have to their clients.
Ageing and complex IT systems could scupper demand for overhaul within a year.
Progress in financial regulation is often two steps forward and one step back.
New rules on pricing investment research are shaking up the European fixed income, currency and commodity (FICC) industry, with many funds planning to scale back or ditch a service that banks use to drum up business.
The forthcoming MiFID II regulatory framework that is set to span the entirety of the European Union’s member states has generated a wave of regulatory technology requirements within electronic trading companies from London to Limassol.
Earlier this month JPMorgan said that it would move hundreds of London jobs to Dublin, Frankfurt and Luxembourg
Latin American stocks and currencies seesawed on thin trading volumes, with several major foreign markets closed due to local holidays.
Asian currencies were broadly weaker but the yen rallied following a round of positive economic data.
Australia’s dollar is the worst-performing major developed currency in the past three months and the country’s equity market is among the world’s weakest this year.