News
GBP/RMB launch a boon to London
PBoC approves HSBC and Standard Chartered as market-makers in GBP/RMB
EBS loses senior sales manager
Former UBS and CME director leaves his role at the Icap-owned firm
NDF clearing set for more delays
'Imminent' NDF clearing proposals look less likely this quarter, as CFTC says a draft has not been formally submitted
Industry relieved over CLS Supreme Court win
Market disruption averted as unanimous decision goes in CLS's favour
FX needs mid-rate to solve benchmark issue
Comments come after ECB highlights shortfalls of available reference rates
Sef volumes up slightly in May
Overall liquidity picture still fragile
FX manipulation not a "methodology" issue, says ECB
FX committees of major central banks in discussion about stronger co-ordination
HSBC gains permission to trade GBP/RMB in China
China's central bank says the move will make trade cheaper with the UK
JP Morgan loses senior FX spot trader to Nomura
Paul Davenport is set to take on the role left by Bernard Singer at Nomura following his move to Citi
BAML replaces G-10 FX forwards head in Asia
On its FX forwards desk, BAML has replaced Stephan Wenger, who left to rejoin the buy side this month
Regulators to take steps on trade surveillance
Surveillance should go hand-in-hand with new benchmark regulations, says Markit’s Hesketh
Citi's Feig to join Fortress Investment Group
Jeff Feig is the latest big name to leave the FX industry as he exits Citi after 25 years to move to Fortress Investment Group
Russian central bank eases ruble restrictions
The central bank is working towards a free-floating ruble exchange rate by 2015 and lifts restrictions as political tensions ease
MAS to offer overnight renminbi liquidity
Monetary Authority of Singapore says it will launch an overnight liquidity facility for the Chinese currency in July – latest step in growth of offshore market
UK rate hike may come sooner than expected, says Carney
Incremental interest rate rise needed to match UK economic growth
Trend-following strategies will bounce back – academics
Returns drop in post-crisis situations, but positive overall
Scottish independence not a threat to OTC contracts
Scottish government unlikely to force contract changes if 'Yes' campaign wins
Wells Fargo hires FX strategy, policy and reporting head
30-year corporate FX veteran Matthew Daniel has left Citi to join Wells Fargo in New York
New enforcement director to continue currency investigation work
Goelman is a former partner at law firm Zuckerman Spaeder with more than 20 years of experience to public office
Benchmark criminalisation won't fix the fix
UK chancellor’s new powers over benchmarks will have little effect without internal changes to curb behaviour, say participants
CCPs clear less than 2% of NDF contracts
The appetite for market participants to clear NDFs is conspicuously absent, despite a number of CCPs offering the service
UK Treasury targets benchmarks, launches market review
Treasury also launches joint review of wholesale markets with BOE and FCA
China Construction Bank set to become London renminbi clearer
Announcement due during Chinese premier's UK visit next week