Regulation
JP Morgan signs with BestX to offer third-party TCA
The bank's clients will be able to access BestX post-trade transaction cost analysis in real time at no extra cost
Ex-Citi trader pleads guilty in price-fixing conspiracy
Between January 2007 and July 2013, Christopher Cummins, a former Citigroup trader in New York, conspired to suppress and eliminate competition in Ceemea currencies
US indicts three in FX probe
Justice Department says the accused UK-based traders face a maximum of 10 years in prison and $1 million in fines
China’s FX reserves fall again in December, but decline slows
Latest PBoC figures show a drop of $41 billion in December to $3.01 trillion, the sixth consecutive month of decline
Massad to step down as CFTC chairman
He is set to leave on the day of Donald Trump's inauguration
Ex-Barclays trader pleads guilty in price-fixing conspiracy
Jason Katz, a former EMFX trader at Barclays and BNP Paribas, pleads guilty in New York
Renminbi faces depreciation pressure in early 2017
Chinese currency continues to fall against the US dollar in the first trading days, as Beijing seeks to slow capital outflows
Broadway sees demand for software pick up
Regulation and the need for a business edge have sell-side firms looking increasingly to software to meet their needs
Financial Conduct Authority to test SMR implications in 2017
UK regulator will look to test harder cases rather than go for clear breaches of the regime
Best execution requirements will drive market structure change
Understanding what best execution means will play a key role
Taylor: the Global Code is a great place to start
Brigid Taylor, managing director of the ACI Financial Markets Association, looks at the regulatory challenges ahead in 2017
Australian regulator finds NAB and CBA culpable of inappropriate conduct in spot FX
Both banks will develop a programme to detect and prevent such conduct by its employees
Lagarde guilty of negligence, court rules
IMF chief found guilty of negligence, but escapes punishment
EC signals staggered entry for Mifid II trading obligation
Rules for derivatives may take effect after January 2018 to allow for US equivalence deal
Regulators and the marketplace must keep talking
With new rules – from the BIS Global Code to Mifid II – set to go live, market participants' associations are urging calm
Spot FX cannot accept lower standards of behaviour
Although spot FX trades are not under its purview, the FCA has warned market participants to sharpen up their act
FX participants rev up for Israeli reporting obligation
New requirement for the shekel comes into force in January
Widespread attestations being considered for code adherence
A revised draft of the new GCC for foreign exchange market will be released for comment in December
Industry applauds 12-month Priips delay
Firms say Mifid alignment will minimise legal risks of key information documents
RBNZ cuts rates to record low as Kiwi strength weighs on inflation
Board reaffirms move in light of Donald Trump's victory, but the cut has been on the cards for some time
China's FX reserves slide to lowest since 2011
Latest PBoC figures show a drop of $45.7 billion in October to $3.12 trillion
European bail-in buffers may stretch market-making capacity
New Basel capital exemptions could be too small if all EU banks have to issue bail-in bonds
Renminbi drops to six-year low
Figures from Safe show a net $44.7 billion worth of payments in the currency left China in November
IMF amends calculation of special drawing rights basket
Exchange rates for SDR will be obtained from a commercial provider by the Bank of England so the method is more “robust”