Regulation
Brexit and Mifid II cause anxiety for exchange operators
"The outcomes are going to be interesting," says CME Group chief executive Phupinder Gill
Giancarlo urges regulators to examine risk from capital rules
CFTC commissioner says regulators cannot avoid the issue of whether capital removed from markets harms the global system
Scotiabank joins board of GFMA global FX division
GFXD also appoints JP Morgan's Claudia Jury and Nomura's Nigel Khakoo as chair and vice-chair
Lack of regulatory clarity on key issues hampers preparation
Despite booming business, technology vendors find clients struggle to say what they need to comply with coming rules
Australian authorities ban Deutsche FX trader for life
Andrew Donaldson tried to hide losses with false entries and inflated the bank's revenues by 28 million euros
BIS: EM central banks up FX intervention to preserve stability
Maintaining financial stability shown to be increasingly important for EM central banks operating in FX markets
Covered interest parity anomaly signals trouble ahead if volatility picks up
Since the financial crisis, a persistent breakdown of covered interest parity signalled an anomaly in the market. Over the last two years the phenomenon has accentuated and policy-makers should not dismiss its meaning, warns the BIS
Salmon warns on adherence as strategic decisions loom
In an exclusive interview with FX Week, the BoE's Salmon floats regulation as a possible vision for 2020; for now last look stays
BoE’s Salmon warns FX industry on adherence
Chris Salmon, the Bank of England's executive director for markets and lead on global code adherence, says regulation could be on the horizon as soon as 2020 if market participants don't adhere to the new Global Code
Fears rise that Asia will miss March 2017 margin deadline
India, Australia, Singapore and Hong Kong have yet to publish non-cleared margin rules
New York readies cyber rules for banks
A final version of the proposed regulation could be issued after a 45-day public comment period
IMF commends China for liberalisation steps
The Fund notes that achieving an effective float for the renminbi by 2018 remains a key goal
Colt lifts Mifid II solutions to the cloud
"We aim to bring together an ecosystem of specialised solutions," says Ralph Achkar
Global Code will level playing field, but more prescriptive regulation on way
Creators of the conduct code will push the initiative through, but supplementary rules will hit parts of FX
Former Barclays trader banned and fined $1.2 million by the Fed
Christopher Ashton, ex-global head of FX spot in London, used 'unsafe and unsound practices' to manipulate FX rates
BIS completes draft of Global Code of Conduct phase two
The FXWG plans to send the document to various FX committees in the coming weeks
Uncleared margin kick-in raises clearing-house rules
In the run-up to the new rules coming into force in the US and Japan, volumes surge on ForexClear
CFTC charges and monitors Deutsche over swaps violations
Agency says incomplete, inaccurate data affects what is made publicly available and the data it uses to gauge systemic risk
Regulators fail to address key issues in FX, participants say
While they see some positives they believe there's still oo many practices open to abuse
China to create own version of FX code
A newly established Chinese FX Committee is working on creating a Chinese version of the Global Code of Conduct, for domestic and foreign banks operating in the onshore market
EU non-cleared margin rules tipped for February
The regime is likely to begin earlier than mid-2017, say regulatory sources
Bank of England cuts rates and expands QE
UK central bank cuts borrowing costs, expands quantitative easing and announces £100bn funding for lending scheme
World must prepare for takeoff of renminbi transactions
A more flexible renminbi will inevitably lead to the currency's increasing adoption in daily dealings, says HSBC
State Street agrees markup settlement – $530m expected
This follows a SEC investigation into the FX rates charged by the bank to custody clients