Regulation
Esma: some digital assets may qualify as Mifid instruments
If this were true, issuers would be obliged to abide by a slew of other EU rules
Governor Yi defends PBoC’s easing measures
Cut in reserve requirements calibrated so as not to undermine deleveraging, says Yi Gang
Lingering questions over Mifid II
Nearly one year on from the fundamental changes to Europe’s trading rulebook brought by Mifid II, its overall impact is still unclear
Kuroda defends BoJ’s asset purchases
Central bank could face problems when it unloads ETFs, former senior official warns
Hedge fund giants lead fourth wave of IM candidates
BlueCrest, Capula, Citadel, Millennium and Rokos expected to be in scope for next phase of margin rules
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
As Brexit looms, Mifid transparency faces the chop
EU law and equivalent UK draft threaten to split and undermine trade disclosure rules
Day one of a no-deal Brexit: swaps and chaperones
Banks, platforms and repositories tee up EU entities – and dread the repapering crunch that would follow
Flow Traders commits to FX Global Code
Dutch market-maker recently announced plans to open London office
Fed proposes lighter regulations for large banks
Lael Brainard objects to plans, warning they could leave taxpayers “on the hook”
Deutsche Börse launches reg reporting service
Market participants will be able to detect errors in regulatory reports before submitting them
Hurdles remain for euro as international reserve currency
Dollar’s incumbency, institutional deficiencies and rise of renminbi hamper progress of single currency
Libor to become third-country benchmark under no-deal Brexit
UK-based reference rate would need to gain EU approval by end-2019 to avoid “unthinkable” disruption
BayernLB is first Landesbank to commit to FX Code
Munich-based regional bank’s move pushes number of signed-up participants closer to 500 mark
Dealers sour on Mifid’s systematic internaliser label
SI decisions will take account of tougher pre-trade rules, client demand and Brexit
Transparency Task Force creates advisory board
The diverse board will assist the task force in its mission to instigate a cultural shift in financial services
CFTC charges TFS-Icap with fraud
US regulator claims the interdealer broker encouraged fake FX options bids, offers and trades
Argentina adopts floating FX regime to tackle peso crisis
IMF extends running standby arrangement to $57.1 billion
EU talks on prop firms leave door open for harsher pay rules
Final law could subject many firms to bonus cap, but even those that escape could struggle
Record hires New Change FX for TCA
The specialist currency manager engages independent data and transaction cost analysis provider
Central banks adapt to faster markets, says BIS report
Fast pace of today’s markets means central banks must change approach to fulfil responsibilities
Central bankers continue to struggle with crypto
Uncertainty around the assets’ use and regulation calls for further research, debate finds
Thomson Reuters launches SI reporting service
The solution provides market participants with data, analytics and reporting tools if they qualify as systematic internalisers
Trade wars to stay for decades, say panellists
The conflict is a struggle for dominance between the US and China, say economists at the 14th annual FX Week Asia event