Regulation
Nomura continues to profit from Lehman
TOKYO - Nomura has recorded profits for two consecutive quarters, reporting net revenues of ¥300 billion in the second quarter, 2010, of Japan's financial year.
Bo Li returns to BoA Merrill Lynch
HONG KONG - Bank of America (BoA) Merrill Lynch has appointed Bo Li from Standard Chartered in Hong Kong, to head north Asia institutional foreign exchange sales, according to market sources.
State St case puts FX deals under scrutiny
LONDON & NEW YORK - Banks will come under increased pressure to provide greater transparency on foreign exchange transactions, following the California state attorney-general's FX fraud lawsuit against State Street, according to market participants.
US passes OTC derivatives reform bill
Regulatory change is coming to the over-the-counter derivatives industry in the United States.
Central banks walk the 'not buying dollar' walk
Central banks are increasingly reluctant to accumulate US dollars, and are shifting out of the unit into other G-10 currencies, says Steven Englander, currency strategist at Barclays Capital in New York
UK's FXJSC puts brakes on forex CCP
The London Foreign Exchange Joint Standing Committee (FXJSC) has ruled out the immediate need to implement a central clearing facility to manage counterparty risk (a CCP) in foreign exchange, citing a series of mismatches in market conventions in a white…
FX chief sues St George over payout
Base salary calculation not reflective of overall compensation structure for traders, claims former fx options executive