Regulation
Regulators lack common sense, panel tells conference
Market participants shouldn't expect regulatory drive to be over in the next 12 months
FX benchmarks manipulated 10-30% of times, MPs told
Scope of manipulation also similar in other asset classes such as gold markets
MAS to offer overnight renminbi liquidity
Monetary Authority of Singapore says it will launch an overnight liquidity facility for the Chinese currency in July – latest step in growth of offshore market
UK Treasury targets benchmarks, launches market review
Treasury also launches joint review of wholesale markets with BOE and FCA
Osborne speech will not trigger structural changes, say market particiants
UK chancellor George Osborne is set to announce new measures on currency trading tomorrow
Norges Bank poised to complete shift from FX buyer to seller before year's end
Norwegian central bank sends strong signal it will make no foreign exchange purchases this year; analysts predict it to make ‘symbolic shift' to net-seller in Q4
European MTFs fume over CFTC ‘incompetence’
US regulator made ‘dog’s dinner’ of Sef equivalency negotiations
Latam reserve managers experiment with renminbi
Renminbi viewed as an attractive reserve asset in Latin America due to growing business links with China; renminbi statistics may not be showing up in IMF data
Industry united over spot FX definition after EC consultation
Industry wants nuanced position of FX spot settlement length
Standardisation reaches back-office functions
The fragmented nature of FX has made client management on platforms costly and cumbersome
CLS will adhere to US sanctions on Russia
The ruble looked set to become the 18th currency to be settled through CLS, and while both the CBR and the industry utility are committed to the deadline, political uncertainties remain
Industry to meet regulators on FX options clearing plans
Industry plans to arrive at a workable framework for FX options clearing gather steam
Hungary tightens bank FX funding rules
Hungary's central bank aims to smooth out maturity mismatches between long-term foreign exchange loans and the short-term funding banks' use
Currency derivatives - regulating with consistency
The chief executive and chairman of the Wholesale Markets Brokers' Association (WMBA) say regulatory complexities have left market participants in the dark on derivatives
Poynder starts up FMR Advisory
The impact of Emir, Mifid and Dodd-Frank on FX businesses wil be the focus of Robin Poynder's newly launched company
Banks create specialist teams in surveillance "over-reaction"
Banks have tightened their electronic surveillance measures for chatrooms, in a move traders say is creating fear and uncertainty
Deutsche-MAS allegations may go back five years
Monetary Authority of Singapore says it is in touch with Deutsche Bank over its investigation of improper communications between the two, which could be as old as five years
WMBA says EC's FX spot consultation misses the point
Trade body hits out at European Commission’s consultation on FX spot definition
CFTC clarification little help for European swap platforms
European swaps still struggling to meet May 15 deadline on equivalence standards
European Commission launches consultation on FX definitions
EC consultation in response to ESMA's letter dated February 14
India reverses curbs on USD/INR trading
India's financial regulator has rolled back emergency measures it introduced last year as USD/INR rate stabilises
Buy-side firms approach BoE to take more active role on FXJSC
Large buy-side firms keen to take a more active role on FXJSC after allegations dealers manipulated foreign exchange benchmarks
European MTFs in limbo over CFTC compliance ahead of May 15 deadline
European platforms left hanging as CFTC compliance still in doubt despite rapidly approaching deadline in May