Regulation
End users get initial support in derivatives ruling
WASHINGTON, DC – The US House of Representatives voted last Thursday (December 10) on amendments detailing significant changes to proposed over-the-counter derivatives legislation, which could favour corporate end users of derivatives.
An imbalanced proposition
At the time of going to press, decisions on the future of the foreign exchange markets was still hanging in the balance, as regulators in the US debated the inclusion of forex swaps and forwards into the over-the-counter derivatives reforms.
Strong words from the SNB
Neil Mellor, currency strategist at Bank of New York Mellon in London, warns against reading too much into the Swiss National Bank's latest policy statement.
Basel Committee reaches agreement on liquidity and counterparty risk
Reform proposal due this month
UBS reports fixed-income profit in Q3
ZURICH & PARIS - UBS's fixed-income, currencies and commodities (FICC) business returned to profit in Q3 for the first time in nine quarters, despite lower trading revenues from macro markets.
Finra tightens margins requirements
US regulator raises bar on leveraged investments.
Banks find USD’s future hazy
Banks are divided in their 2010 predictions for the US dollar, with some expecting the unit to falter on risk appetite while others anticipate US monetary policy will support the unit.
South Korea restricts FX derivatives trades
South Korea announces new restrictions on forex derivatives trades in response to corporate losses
Verbal intervention won’t stop US dollar losses
Adam Cole, global head of foreign exchange strategy at RBC Capital Markets in London, believes US dollar weakness is a reflection of conventional monetary policy
Economics should drive change
The decision to include foreign exchange swaps and forwards in the US over-the-counter derivatives reform bills run counter to research conducted by central bank-backed foreign exchange committees.
TD Securities: Fed holds key to USD recovery
TD Securities continues to be bearish on the US dollar over the short and medium term
Ice joins forex central clearing debate
ATLANTA - Jeffrey Sprecher, chief executive at Atlanta-based IntercontinentalExchange (Ice) has become the first major exchange official to call into question the need for central clearing of foreign exchange derivatives trades.
Deutsche triumphs as FX powerhouse
LONDON - Deutsche Bank has usurped Citi to win the accolade of best bank for foreign exchange in a year characterised by unprecedented levels of market risk. The award also marks the first time the German bank has been recognised as the top FX dealer in…