United Kingdom (UK)
Fotheringhame wins Barclays employment claim
Former managing director unfairly dismissed in relation to last look, UK court finds
US presses for tougher sentence for Mark Johnson
DoJ wants profits made by Frank Cahill’s trading activity to be factored into Johnson’s sentence
BIS warns of virtual currency risks
CBDCs could have an impact on global financial stability, and large demand could force central banks into risky assets, new report says
RJ O'Brien hires Patimova in London
Elena Patimova joins RJO from London Metal Exchange
Mark Carney: crypto is not the future of money
The Bank of England governor says cryptocurrencies are unreliable and provide poor short-term value
Bogucki lawyers call FX case a ‘well-disguised sham’
Defence says prosecutors misused international document request to extend statute of limitations
NatWest Markets commits to FX Global Code
The bank becomes the ninth dealer listed on the public register of adherence maintained by CLS
FCA: TCA ‘unlikely’ to fall under research
Third-party transaction cost analysis fees will be difficult to include in the spread if they do not count as research costs
IA calls for more last look disclosures
Investment Association says venues must take more responsibility for monitoring behaviour and LP adherence to FX Global Code
Return of volatility but no contagion - Saxo Bank
But commodity currencies could prove vulnerable
CryptoUK unveils code of conduct
It aims to improve operating standards in the UK cryptocurrency space
Citi to hire technologists for London innovation hub
The London lab will initially employ 75 people
Johnson’s sentencing delayed until March 8
Former HSBC senior banker can spend more time with family in the UK before returning to the US by March 1
Cartel trial postponed until October
In the past two months, US attorneys have provided 2.2 million additional records, totalling 21.4 million pages, to the defence
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%
BNY Mellon to build franchise partnerships using FXPB
The bank’s FX prime brokerage beta clients could go live within the next month
HSBC to pay $101 million to settle with DoJ
UK bank enters into deferred prosecution agreement and agrees to pay criminal penalty over Cairn Energy and other FX conduct
TraderTools taps Abacus for cloud service
The venue gains the global scale and infrastructural expertise to expand ULN
Hancox and Pena exit Morgan Stanley
Dudley Hancox and Andrew Pena were senior members of the bank’s FX sales team
Thomson Reuters updates Mifid II services
Mifid II-compliant data now available from 57 global exchanges, and eight new trading and reporting venues
Cartel lawyers to argue for case dismissal on January 29
The legal representatives of Ashton, Ramchandani and Usher will ask a federal judge to throw out the case against the three men
FCA sees 'serious risk of harm' in CFD products
In a letter addressed to the chief executives of CFD providers and distributors, the UK watchdog highlighted several areas of concern
Monex Europe: bearish dollar outlook continues
But analysts are looking out for potential upside risks in US rates and inflation
Mark Johnson to be sentenced on February 15
Johnson’s lawyers are asking the court to allow him to return temporarily to the UK before then