News
ParkerFX loses out in November
The Parker FX Index reported a –0.39% return for November as the risk-aversion based US dollar rally caught out the majority of currency managers.
Shirakawa named as BIS vice-chairman
BoJ head takes senior role at BIS
Eurozone faces “intractable” problems, says BarCap economist
Eurozone faces stunning economic and financial challenges, said Julian Callow, chief European economist at Barclays Capital.
Basel Committee tweaks counterparty risk rules
Basel Committee changes CVA methodology and releases consultation paper on CCP default fund charges
CFTC proposal sparks scrap over CCP membership
CFTC proposes a $50 million cap on minimum capital requirements set by CCPs for clearing membership
Icap to launch decimalised pricing on majors in February
Interdealer broker Icap will launch decimalised pricing on major currency pairs on EBS Spot on February 14, the broker told FX Week.
Spot volumes flat in December
Foreign exchange spot volumes for December were level compared to December 2009, but dropped significantly from November, due to the Christmas season slowdown.
New year, new faces at RBS and UniCredit
Royal Bank of Scotland has hired Eric Robin to head FX bank and institutional sales for Europe, focusing on European asset managers and banks.
Hong Kong lawmakers to enforce mandatory CCP for NDFs by the end of 2012
Hong Kong joins Japan in mandating central counterparty clearing for OTC derivatives with CCPs and a central repository expected to be set up in the coming months.
IMF takes final step in changing SDR basket
Fund sets exchange rate for SDR; continues to peg unit of account to yen, dollar, euro and sterling
Asia to follow US on CCPs amid fears about hedging costs for exporters
Banks in Asia say there is no easy formula to decide whether moving over-the-counter foreign exchange instruments onto central counterparty (CCP) clearing would represent a lower-cost solution for their corporate clients, or whether they are better off…