US regulators said they have jurisdiction over one of the hottest new areas of finance: initial coin offerings of digital currencies.
- Wall Street Regulator Sets Sights on Digital Coin Offerings – Reuters
- SEC Says Initial Coin Offerings May be Subject to Securities Law – Financial Times (subscription)
The dollar edged higher, rising from a 13-month low hit in the previous session as investors trimmed some short bets before a Federal Reserve policy decision.
- Dollar Rises Ahead of Fed Decision – Financial Times (subscription)
- Dollar Rises After Health Care Vote – Wall Street Journal (subscription)
French bank BNP Paribas has given up on the idea that the dollar can regain its highs for the year, partly because of a new more cautious stance on the path of interest rates.
Sterling steadied just above $1.30 as traders looked to preliminary GDP data for the second quarter for signs of whether the British economy is building enough momentum to allow for monetary tightening in the coming months.
What had looked like persistent strength for the Aussie dollar, even after drab inflation data, now appears to be melting away after a speech from the Reserve Bank of Australia’s governor suggested the central bank would take no cues from its counterparts’ recent tightening.
The battle to control euro clearing once the UK leaves the European Union is getting uglier.
The European Central Bank says that Europe’s hopes of gaining London’s FX business are hampered because of the need to transfer data via fiber optic cables under the sea, but there are FAR more reasons than that as to why the entire business will never leave London.
A former Barclays foreign exchange trader was banned permanently from working in the banking industry by the Federal Reserve Board (FRB) on July 24, for engaging in co-ordinated trading with competitors and disclosing confidential information.
President Donald Trump said he may reappoint Federal Reserve Chair Janet Yellen to a second term at the helm of the US central bank, while indicating that White House aide Gary Cohn was also a top contender for the position.
Industry groups say monitoring tools are six months from ready.
Dodd-Frank leaves legal uncertainty, but proposed alternatives could be even worse.
House of Lords cited ongoing uncertainty over the UK-EU financial regulatory framework.
Exchanges across Europe have been forced to update their trading technology to incorporate MiFID II transparency requirements.
Citigroup has “crossed an inflection point”, the US bank’s chief executive maintained on Tuesday at its first investor day since 2008 – even as he recognised that returns had disappointed shareholders.
Bank of America Merrill Lynch is looking past the increase in bitcoin trading volume to caution against a surge in optimism surrounding the digital currency.
A US judge said defense lawyers have a new opportunity to challenge charges against two former Deutsche Bank AG traders accused of rigging Libor after last week’s appeals court ruling tossing out a similar case against ex-Rabobank Groep traders.
Most Asian currencies inched lower as the dollar edged up from a 13-month low, with investors on the sidelines awaiting clues from the US Federal Reserve on the timing of its next monetary tightening.
The Canadian dollar was steady against the greenback after briefly touching a 14-month high, as the US currency pared earlier losses ahead of the Federal Reserve’s next policy announcement.
The zloty firmed slightly on expectations that the European Union’s executive will not launch new legal proceedings against Poland over a law allowing the government to appoint judges.