Canada
What T+1 risk? Dealers shake off FX concerns
Predictions of increased settlement risk and later-in-the-day trading have yet to materialise
Euro/dollar crosses embrace RFRs, while other currencies lag
€STR becomes new standard for euro cross-currency swaps; CAD and AUD stick with legacy rates
Optimisation firms prep for SA-CCR boom
FX expected to be big focus of industry’s new slimming drive – and vendors are jockeying for position
Charted: rush for dollar liquidity fades
Figures from central bank dollar repo facilities show waning demand, but outstanding swaps still high
First SOFR versus CORRA cross-currency swap hits market
JP Morgan and National Bank of Canada extend SOFR cross-currency trading into Canadian market
Bigelli joins Deutsche Boerse as spot and algo specialist at 360GTX
He joined last month, moving from institutional FX sales at RBC
FX trading in London hits record high
UK capital cements position as largest FX hub; New York sees significant fall in daily turnover
Canada not looking to change exchange regime in 2021 review
Deputy governor highlights benefits to economy since adopting regime
Record boosts presence in North America
Specialist currency manager bolsters on-the-ground presence as it eyes market opportunities in region
Central banks complete first blockchain currency swap
Monetary Authority of Singapore and Bank of Canada link experimental local payment networks
Carolyn Rogers to be next Basel Committee secretary-general
Canadian regulator will take over from William Coen
Beyond payments: central bank digital currencies
Issuance of central bank digital currencies, such as Sweden’s proposed e-krona, could facilitate monetary policy beyond zero lower bound
Beaudry becomes new Bank of Canada deputy governor
Paul Beaudry joins the central bank’s governing council
Volatility will not deter central banks
FX Week Europe panellists think central banks may see return of volatility as healthy mechanism that causes investors to recalibrate expectations
Best Banks Awards: BMO Capital Markets
BMO Capital Markets has been voted the winner of the Bank for Canadian Dollar award at the 2018 FX Week Best Banks Awards
FX turnover hits new record high in UK
All global currency trading centres register growth in April, compared with previous semi-annual survey
RBC fights £13 million whistleblower claim
Ex-trader John Banerjee is suing RBC for unfair dismissal and aims to claim whistleblower status
CIBC is bearish on greenback for remainder of 2018
The firm says the dollar is overvalued, and facing a convergence of growth and monetary policy
More than 100 participants commit to FX Global Code
Global Foreign Exchange Committee plans to launch Global Index of Registers before June meeting
FX volumes rebound in London and New York
Semi-annual surveys of seven major central banks show FX activity in the US and UK rising by 7%
Monex Europe: bearish dollar outlook continues
But analysts are looking out for potential upside risks in US rates and inflation