Financial Services Authority
MIG Bank opens for business in London
The Swiss online trading specialist has received approval from the FSA to open a subsidiary in London, just weeks after it opened in Hong Kong
City’s top brass throws weight behind London RMB initiative
London will become the next offshore centre for RMB trading, vows UK chancellor George Osborne, supported by banking chiefs from Bank of China, Barclays, Deutsche Bank, HSBC and Standard Chartered
Spotlight on: Gavin Wells, LCH.Clearnet
The chief executive of LCH.Clearnet’s newly launched ForexClear talks to Joel Clark about the development of the platform, and his plans to expand to client clearing and new currencies later this year
Trading places, March 19, 2012
New hires at CIBC, Citi Private Bank, RBC Wealth and SG Private Banking, while Sants is to depart the FSA
FSA: facing up to cross-jurisdiction conflicts
David Lawton, head of market infrastructure and policy at the UK’s Financial Services Authority, talks to Michael Watt
Margin rules for uncleared FX rest with regulatory working groups
Regulators must adopt a calibrated approach to mandated collateral so that short-dated FX swaps and forwards are not caught up in the rules unnecessarily, argue market participants
Trading places, January 16, 2012
New appointments at TriOptima, MarketPrizm, Celent, the FSA and the Futures Industry Association
Trading places, November 21, 2011
New appointments at ANZ, ICI Global and Bats Europe, while Gain Capital's CFO departs
Esma inclined to follow US FX exemption, says FSA’s Justham
Senior UK regulator emphasises importance of aligning European regulation of FX with US, but says it is not top of Esma's agenda
Mifid proposals on organised trading need a rethink, insists FSA official
Regulator argues the EC should create a derivatives trading venue category to allow European institutions to meet G-20 commitment on organised trading
FSA’s Ross to become Esma’s first executive director
Verena Ross, director in the UK Financial Services Authority's (FSA) international division, is to move to the newly formed European Securities and Markets Authority (Esma) as executive director.
FX options clearing will be challenging, Afme panellists warn
Conference speakers discuss the investment needed to meet requirements for central clearing of FX options.
Trading Places, February 7, 2011
Read this week's Trading Places to catch up on people moves across the FX world.
Trading Places, October 18, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
UK FSA revisits trading regulation in comprehensive review
Financial Services Authority identifies valuation, capital framework coherence and risk management as key problem areas; issues 15 recommendations to revitalise standards
Trading Places, August 2, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
RBC: Japanese limits on margin trading will weigh on Aussie/yen cross in August
Japanese plans to limit leverage on margin trading to a maximum of 50 times collateral in August could affect Australian dollar/yen cross rates.
The challenge of re-setting precedents
As if there weren’t enough inconsistencies between regulators, the Bank for International Settlements' head of monetary and economic policy, Stephen Cecchetti, has said corporates should not be exempt from clearing over-the-counter derivatives through…
JP Morgan, Merrill Lynch fined for segregation and supervision failures
LONDON & HONG KONG – The UK Financial Services Authority (FSA) and the Hong Kong Securities and Futures Commission (SFC) have fined JP Morgan and Merrill Lynch, respectively, for accounting failures.
In Brief, May 31, 2010
Read this week's In Brief to catch up on the latest FX technology news.
Coalition team takes over at UK Treasury
The UK's new Conservative-Liberal Democrat coalition government has named its joint treasury team.
Calypso adds function to tackle new UK liquidity rules
Key developments to match regulation
Basel Committee reaches agreement on liquidity and counterparty risk
Reform proposal due this month