Europe
European banks face FX volatility on bail-in ratios
Use of funding in foreign currencies creates new risk, especially in non-eurozone countries
360T hires three for senior FX roles
Randy Rupan, Robin Nicholas and Paul Lonsdale join the trading venue
Greenback to ease again after recent lift – CBA
But both the euro and sterling are set for appreciation due to policy tightening and dollar weakness
Solid FX’s Westerman resigns, Esturi joins
Ujwal Esturi joins the liquidity management team from FastMatch
Dollar rebound on cards, but no respite long term – ABN Amro
The greenback's prospects remain negative in the long run, but sterling may have a positive 2019
Asian flows bloom post-Mifid II, TR's Penney says
Trade flow patterns are also changing, leading TR to launch a direct THB/JPY cross sometime this year
Ficc revenues bounce off lows but still down
European banks bounce off lows in Ficc revenues in the first quarter of the 2018, but year-on-year earnings remain negative
Johnson sentenced to two years in prison
Johnson was taken to prison immediately after the hearing, but lawyers are preparing for appeal argument
Colt partners NPL on timestamping
Mifid II requires that reportable events are traceable to coordinated universal time
Irons joins State Street as head of sales for global exchange
Richard Irons brings more than 30 years’ experience in financial services and technology
FRTB threatens dynamic FX hedging of capital ratios
Industry says recent Basel proposals are unclear and retain burden of pre-approval for hedges
FX veterans launch Global Code consultancy
Nick Downes and Julian Gladwin form Axiom Global Advisors to independently assess firms’ preparedness for adherence
CloudMargin secures $10m to fund growth
Provider of collateral and margin management deepens relationship with IHS Markit
Gain Capital expands cryptocurrency offering
Customers can trade the digital coin against the euro, pound and Australian dollar
TD Securities: dollar rebound expected in near term
But political tensions could hinder the greenback’s rally
Currency movements helped US and Latam investors in 2017
A new report from Natixis shows a weaker dollar helped investors outperform their European peers
UK corporates lose out as sterling slides, study says
Importing firms see average profit loss of 12% following Brexit vote, finds Western Union
BoE: reasonable to expect passporting rights until 2020
Firms operating under current passporting regime can expect to continue activities until at least the end of the new implementation period
Esma bans binary options, cracks down on CFDs
New measures aim to improve security and protection for retail FX investors
Crédit Agricole hires Varloot for risk role
Etienne Varloot joins as CIB head of market and counterparty risk
Mifid transparency has failed so far, say traders
Poor-quality, inaccessible data and the lack of instruments covered undermine use case
Euronext makes senior appointments
Paul Humphrey takes over the responsibilities of Lee Hodgkinson on an interim basis
TickTrade partners Applied Financial
The move opens the Canada-based trading technology firm to markets in Asia, Europe and the US
Trade discussions hinder dollar performance – CIBC
Friction over trade tariffs and tightening of QE will be the challenges for G10 in the months ahead