US Department of the Treasury
Basel III already raising costs for long-dated FX, argue corporates
Panellists at ACT annual conference express concerns about the knock-on effects of Basel III and OTC clearing rules
European Commission ‘unhappy’ with Dodd-Frank extraterritoriality
EC official voices concern at London conference over the long arm of US swaps regulations
Exemption clarity allows market participants to prepare for new regime
Banks, market infrastructures and industry associations prepare to move forward with regulatory preparation, now that swaps and forwards are set to be exempt
Industry hails US Treasury exemption for FX swaps and forwards
FX exemption clarity in the US puts pressure on Europe to take a similar position, argue senior industry officials
FXall looks to Sef licence to boost liquidity
Chief executive Phil Weisberg suggests banks might choose to outsource some elements of their single-dealer business to multibank platforms such as FXall, when Dodd-Frank Sef rules become binding
US Treasury will exempt FX swaps and forwards from Dodd-Frank
Afme's global FX division welcomes the decision, announced on April 29, and calls on European rule-makers to follow suit
Splits emerge in CFTC and SEC swap product definition rules
Agencies largely aligned, but conflicts remain after 10-month negotiation
US Treasury to move 'expeditiously' on FX exemption
Assistant secretary to the Treasury Mary Miller recognises the need to clarify the regulatory regime for FX swaps and forwards sooner rather than later
Treasury timeline on FX exemption decision still unclear
Market participants divided on whether the agency is likely to exempt swaps and forwards from Dodd-Frank clearing requirements
Afme global FX division calls for restraint on Sefs
Managing director James Kemp explains how Sef rules can be applied without putting the current liquidity and volumes of the FX market in danger
Spotlight on: James Kemp, Afme global FX division
The managing director of the FX market’s new industry body talks to Joel Clark about the challenges of lobbying politicians for appropriate and consistent treatment of FX contracts in US and European legislation
A month of ongoing regulatory uncertainty
A new monthly column by FX Week editor Joel Clark, reviewing the key trends and developments in the month gone by
Crédit Agricole to launch two-year forwards by Q2
Crédit Agricole Corporate & Investment Banking will launch two-year outright forwards on its Jetstream platform by the end of March, according to Vincent Leclercq, global head of foreign exchange and commodities at the bank in London.
Clearing saga threatens structured products
Citi has usurped Barclays Capital as best bank for structured products, a category that could be in the spotlight as regulations are clarified.
Wells Fargo: Commodity currencies power ahead
Wells Fargo topped this week’s one-month currency forecast rankings with expectations for commodity and emerging market currencies to benefit from the US Federal Reserve policy of maintaining high levels of liquidity.
UBS: EUR/USD could fall below parity in a year
UBS topped the 12-month currency forecast rankings this week with a positive outlook for the US dollar. Geoffrey Kendrick, director in foreign exchange strategy at UBS in London, said he based his outlook on two factors: Federal Reserve rates and the…
BNY Mellon rules out renminbi revaluation in 2010
Currency manipulation rhetoric could spread to Russia
Sovereign power
Peter Luxton, global economic adviser at Informa Global Markets in London, looks at how sovereign risk is increasingly playing a role in the currency markets
Studying US Treasury's Tics Report
Michael Woolfolk, an economist at Bank of New York Mellon in New York, breaks down the monthly Tics report released last Thursday (July 16)
