Foreign exchange
FX Week Australia 2017 – in pictures
The premier conference for FX market participants in Australia and Asia-Pacific took place on March 23 in Sydney
Buy side explores cloud for collateral management
Asset managers with FX positions are looking at cloud-based solutions as a means of coping with variation margin rules
CLS volumes slightly up in February
Swaps and forwards continue to show steady growth, but spot is down 23% on the year
Most TCA false due to input data, says GreySpark
Transaction cost analysis results vary dramatically, depending on the data source and input used by the analytics provider
Lawyers to search files of 35 Deutsche Bank staff
Includes traders and others who were not part of the production of information given to regulators
Regulators relent ahead of VM big bang
Firms with "significant exposures" must stick to March 1 deadline, however
Counterparty diversification held back by banks, panellist says
PGGM investment manager says pleas to add NBLPs to the counterparty mix are ignored by banks and platforms
South African competition office seeks price-fixing damages
Competition commission finds 14 banks colluded on USD/ZAR prices and seeks 10% of their annual turnover in damages
Deutsche Bank loses motion to dismiss last look claims
Last look-related legal action against other banks could accelerate
Debelle wants to hear concerns about the GCC
Debelle and Puth encourage market participants to express any worries about the Global Code of Conduct before it is published
MS and Citi agree to pay $6m in FX fines to SEC
The two firms allegedly failed to make adequate disclosures, leading to significant losses for investors
Code of conduct unlikely to standardise execution policies
Customers face more responsibility for understanding dealing terms and more measures may be needed, sources say
US indicts three in FX probe
Justice Department says the accused UK-based traders face a maximum of 10 years in prison and $1 million in fines
2017: year of the dollar and high-yielding EM currencies
Expensive valuations and low yields make some Asian currencies unattractive investments
Risk-sharing efficiency of FX may be tested, BIS says
Study of FX markets highlights risk concentration amid a handful of top banks and the growth of electronic relationship trading
TD Securities: Trump stimulus may give dollar short-term boost
But if the fiscal package benefits mostly the rich, the greenback could lose in the long run as GDP might take a hit
FCA approves Tullett Prebon acquisition of Icap's IGBB
Finalisation of the transaction remains contingent upon regulatory approval
Failure to own and timely settle intercompany transactions leaves firms open to FX and tax risks
Failure to own and timely settle intercompany transactions leaves firms open to FX and tax risks