Foreign exchange
Dealers slam ‘nonsensical’ treatment of FX derivatives
Proposal on US swap dealer threshold rekindles debate on definition of NDFs and window forwards
Venue competition heats up as e-FX volumes plateau, says Greenwich
Following 74% growth in electronically executed FX in 2007-14, volumes flattened for four years
NYDFS fines Deutsche Bank $205m for FX
Fines relate to practices between 2007 and 2013, when Deutsche was the world’s largest dealer by market share
Northern Trust partners Lumint for FX solutions
The partnership supports further innovations in hedging programme management and analytics
Phil Weisberg joins oneZero’s advisory board
The firm hopes to use his institutional market insight as it seeks new opportunities
Mark Johnson’s attorneys point to Isda agreement in appeal
“How are FX traders supposed [to] know what trading constitutes wire fraud when the government cannot even answer that question?” attorneys ask
European corporates hit by FX in final quarter of 2017
Currency losses at their highest for corporates in Europe since Q3 2015
FRTB threatens dynamic FX hedging of capital ratios
Industry says recent Basel proposals are unclear and retain burden of pre-approval for hedges
No flight to quality for dollar – TD Securities
With US macro and political worries on the front foot, the yen is likely to serve as the risk proxy
European corporate FX losses highest since 2015 – report
Number of European firms reporting negative currency effects in third-quarter earning calls also rises