Articles by Alessandro Aimone
Covered interest parity anomaly signals trouble ahead if volatility picks up
Since the financial crisis, a persistent breakdown of covered interest parity signalled an anomaly in the market. Over the last two years the phenomenon has accentuated and policy-makers should not dismiss its meaning, warns the BIS
Corporates expect long-term negative impact of Brexit
45% of corporates domiciled in continental Europe believe Brexit will have a negative impact; with almost 30% of their UK counterparts sharing the sentiment, says a survey by Greenwich Associates
SmartTrade launches big data analytics solution
The new solution, called smartAnalytics, will allow clients to generate graphical reports on pre-trade, execution and post-trade performance via a TCA tool
IMF commends China for liberalisation steps
The Fund notes that achieving an effective float for the renminbi by 2018 remains a key goal
Corporate FX deals up 102% since UK referendum
UK exporters benefit from the weaker pound, according to in-house data from Moneycorp
China turns to boosting domestic banks on international stage
Country strives to retain control of price discovery after the renminbi's inclusion into the IMF's SDR basket
BoE deputy governor Shafik to step down in February 2017
Appointed in 2014 on a five-year term, she will become director of the LSE in September 2017
BIS figures reflect tectonic shifts in market structure
Decline of headline figures in the survey pose questions over how much the market has changed in three years
Seth Johnson to replace Mandelzis
Icap's broking division head of strategy is appointed chief executive of EBS BrokerTec
Debelle appointed deputy governor of RBA
Guy Debelle will take up his new role on September 18, replacing Philip Lowe who becomes governor later this month
FX market activity shrinks for first time since 2001
The BIS's triennial survey of FX markets shows a headline figure of $5.1 trillion, down from $5.4 trillion in 2013
Former Barclays trader banned and fined $1.2 million by the Fed
Christopher Ashton, ex-global head of FX spot in London, used 'unsafe and unsound practices' to manipulate FX rates
BoE wrong to act so soon – CMC Markets
Despite gloomy consumer confidence data, retail sales rose in July – evidence that data does not support the decision
China to create own version of FX code
A newly established Chinese FX Committee is working on creating a Chinese version of the Global Code of Conduct, for domestic and foreign banks operating in the onshore market
Pena joins Morgan Stanley in London
Andrew Pena leaves Goldman Sachs after 17 years to head real money and hedge fund FX sales for Emea
Sterling has further to fall – ABN Amro
Following action by the BoE and with more negative data on the economy expected, sterling is likely to hit 1.20 by the year end
Bank of England cuts rates and expands QE
UK central bank cuts borrowing costs, expands quantitative easing and announces £100bn funding for lending scheme
DTCC appoints new member to board of directors
Lisa Pollina, former vice-chair of RBC Capital Markets, joins the audit, finance/capital and risk committees
smartTrade hires two in sales
Michael Wee becomes a sales director for Asia-Pacific in Singapore, while Jena Axelrod joins the team in New York
Global renminbi adoption slows in June
Decline continues in the internationalisation of China's currency, overtaken by the Canadian dollar in payments by value
BNY Mellon's Kablawi becomes head of Emea investment
His former role will be filled by Daron Pearce, currently chief executive of global financial institutions for asset services
HSBC's Johnson is released on $1 million bond
Mark Johnson, banned from leaving the US, puts up $300,000 and his house to meet bail
Former UBS and Barclays trader banned for life
Federal Reserve hands industry ban to Matthew Gardiner for "unsafe and unsound conduct" between 2008 and 2013
Abide Financial partners Corvil
Clients will gain top-class precision in time-stamped transaction reporting and full compliance with Mifid II