Foreign exchange
Industry welcomes European Parliament recognition of FX
Amendments in Econ version of regulation stress the importance of settlement risk and existing market infrastructure
Sahni sabbatical creates vacancy at BAML
Possible replacement could be ex-Goldman Kevin Connors
South Korea imposes cap on FX forward positions
Joint statement made by Korean authorities on May 19
Bank race for offshore renminbi gathers pace
RBC Capital Markets goes live with CNH platform as Deutsche Bank claims new records
Spotlight on: James Taylor, JP Morgan
JP Morgan’s global head of e-FX distribution talks to Joel Clark about the development of the bank’s MorganDirect electronic commerce platform and how he has leveraged his experience at Barclays Capital and Deutsche Bank to build a global sales team for…
JSE to launch exotic can-do currency options
Move follows the successful launch of any-day expiry options in February
CME plans to clear all FX products, despite probable exemption
Swaps and forwards will be part of the exchange group's FX clearing initiative as banks will need to clear them if used to hedge an option
Scotia Capital wins after calling time on euro appreciation
Canadian bank predicted ECB rate hike would halt the upward trend of the euro against the dollar and the yen
FX derivatives volume grew by 9% in H2 2010, says BIS
Total notional OTC volume across asset classes rose by 3%, having contracted by 4% in the first half of the year
Swiss franc: safe-haven currency?
With banks widely recognising US dollar weakness and uncertainty over the eurozone as an ongoing trend in FX markets this year, Miriam Siers talks to currency strategists about the prospects for the Swiss franc
Duffie paper sparks debate over credit risk in FX swaps and forwards
Market participants respond to calls from academic Darrell Duffie for more analysis before finalising exemption of FX swaps and forwards from clearing requirements
State Street admits to SEC pricing probe
SEC is investigating State Street over its FX pricing as part of ongoing regulatory probe into overcharging by major custodians
Nomura’s cable strength call prevails
Japanese bank's view that GBP/USD would rise over the past 12 months proved to be accurate
European Commission ‘unhappy’ with Dodd-Frank extraterritoriality
EC official voices concern at London conference over the long arm of US swaps regulations
Informa’s ECB rate-based bet pays off
UK analysts bet euro would stay strong as ECB moved ahead of others to hike interest rates
Closing the FX gender gap
As in much of the financial services sector, the upper echelons of the foreign exchange industry are male-dominated, but a number of market participants say opportunities for women are improving, particularly at the graduate level. Chiara Albanese reports
CLS appoints Naresh Nagia as CRO in New York
Nagia started May 4 and will replace Carol Simon after a transition period
Audio: To QE or not to QE, is the only question?
Markets could be sleepwalking into global crisis 2.0 as a third round of quantitative easing becomes increasingly likely, cautions Nick Beecroft, senior markets consultant at Saxo Bank in London.
Sanity check on the value of emerging markets
April in perspective: investors and managers appear to have become more averse to the risk posed by emerging market currencies after volatility struck in March
Top European banks see Q1 Ficc revenues fall
Deutsche, Barclays, UBS and Credit Suisse all saw some fall in Q1 revenues compared with the same period last year
Spotlight on: Thanos Papasavvas, Investec Asset Management
The head of currency management at Investec Asset Management talks to Joel Clark about the firm’s focus on institutional investors and its expectations for the euro, emerging market currencies and the yen
The euro: weathering the perfect storm
Fiscal concerns continue to haunt peripheral European countries and the wider eurozone, but the euro has strengthened against major currencies in the first four months of the year and economists no longer question the currency’s future. Nikki Marmery…