Regulation
BNPP fine creates mark-up headache for Street
NYDFS fines the French bank $350 million, partly due to using hidden mark-ups
Broadway Technology aims to expand FX footprint
Moves comes after a recent $42m investment armed the firm with the capital to expand into FX and fixed income
FX Global Code gains support from Barclays
UK bank says it is committed to implementing the good practices described in the Code
Australian regulator accepts FX remedial plan from Macquarie
Macquarie is the fifth Australian bank to present remedial programmes to Asic for failures in its FX business
Focusing on the future of conduct
The complete FX Global Code of Conduct launches this week, driving a new era of harnessing technology to deliver compliance solutions
Bafin toughens rules on CFDs
New directive for August 10 requires implementation of negative balance protection for CFD products in Germany
Last look settlement fund could hit $1 billion in US
Class action filing service firm Battea says the fixing pot for claimants may reach $3bn and to expect more last look cases
FCA publishes final Priips rules
“In calculating costs associated with FX, the arrival price must reflect a reasonable estimate of the consolidated price" – FCA
Late LEI registrations might not be ready for January 2018, Gleif says
If firms leave their LEI registration application until the last quarter of 2017, they might not receive their identifier in time
Puth: buy side plays crucial role in FX Global Code adherence
Understanding the services offered by providers will allow clients to exercise caveat emptor rights
Volcker fights back as prop-trading ban comes under attack
Former Fed chair tells Risk.net that calls for total overhaul of eponymous rule are misplaced
CloudMargin hires two to expand sales and client base
The firm boosts its New York and London sales teams in the hope of attracting more sell-side business
GCC: the ‘likely’ definition of Principle 17
The last look battleground hinges on the wording of the practice
Goldman’s new terms may as well say 'f@*k you' at the top, participant says
Goldman Sachs sends clients updated terms-of-dealing document signalling asymmetric last look is alive and kicking
CORRECTION: Principle 17 on last look will be subject to review
FX Week incorrectly stated that Principle 17 related to pre-hedging rather than last look
Jury acquits two over Libor manipulation
The two men were cleared of charges of conspiracy to defraud
Esma submits technical standards on non-equity tape
Given the complexity of the non-equity universe, Esma says it has taken a more pragmatic approach to the non-equity consolidated tape
David Puth: Principle 17 will be subject to review
Audio webinar hosted by FX Week and the ACI Financial Markets Association saw more than 100 individuals dial in to ask questions ahead of the Code’s release
MahiFX gains FCA authorisation
Watchdog allows MahiFX to offer products and services in the UK
LMAX Exchange is the first to commit to FX Global Code
The change of heart follows reassurance that Principle 17 on pre-hedging will be subject to comment after final release
Buy-sider brands ASIC agreements laughable
Australian regulator's enforceable undertaking agreements hint at highly divergent rules enforcement globally
Debelle sets timeframe for adoption of FX Global Code
Market participants will have six to 12 months to adjust practices once the Code is published on May 25
SEC nominee flip-flops on Dodd-Frank rollback
Rules mandated by statute must be adopted by regulators, Clayton concedes
Buy side to boost trading desk technology spend – Greenwich
Survey shows a larger share of budgets is being spent on technology while compensation costs shrink