Regulation
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
Policy divergence to remain a theme for two more years
Some currency pairs could go lower if the Fed's hopes for a rate increase materialise, says Wells Fargo analyst
Former UBS and Barclays trader banned for life
Federal Reserve hands industry ban to Matthew Gardiner for "unsafe and unsound conduct" between 2008 and 2013
Abide Financial partners Corvil
Clients will gain top-class precision in time-stamped transaction reporting and full compliance with Mifid II
BoE holds interest rates but hints at action in August
Sterling extends gains as the central bank awaits more economic data from the referendum aftermath
Demystifying MAR in a testing generation
The far-reaching market abuse regulation came into force on July 3
OCC probed for regulatory capture
The agency is among the latest being investigated for a potential soft touch when handling Wall Street firms
CFETS likely to include won and rand in RMB Index
Following CFETS's approval of direct trading on the interbank FX market, the two currencies could soon be included in the basket directly linked to the renminbi
US regulators favour September margin deadline
September 1 rollout threatens bilateral swap-trading chasm between EU and US
'What they do with your money' – could do better
A recent book about financial systems and reforms reveals a worryingly academic approach
Delay US non-cleared margin rules, industry tells Congress
“This puts the US banks at a huge disadvantage relative to the European banks,” says CME’s Duffy
BNY Mellon settles FX case with SEC
US bank agrees to pay $30 million over alleged client overcharging for FX trading services
Renminbi is more flexible and market-based, says IMF
Fund praises the progress made by China's authorities in giving markets greater influence over its currency
Corporate treasuries are starting to feel capital cost pain
After years of stable IRD usage, corporate hedging is getting more expensive and even clearing may not help
House prices complicate outlook as RBNZ holds
Central bank caught between strong New Zealand dollar and rising risks in the housing market; keeps rates on hold
Strong dollar behind economic paradigm breakdown – Shin
BIS head of research points to failure of covered interest parity post-2008, with the strength of the US dollar correlated with the size of market anomalies
China’s FX reserves sink to lowest in four years
Reserves fall by $27.93 billion to $3.192 trillion in May
Banks fear early rollout of EU margin rules for FX forwards
Industry calls on the European Commission to clarify when FX forwards will be subject to a variation margin requirement