Regulation
UK Treasury targets benchmarks, launches market review
Treasury also launches joint review of wholesale markets with BOE and FCA
Osborne speech will not trigger structural changes, say market particiants
UK chancellor George Osborne is set to announce new measures on currency trading tomorrow
European MTFs fume over CFTC ‘incompetence’
US regulator made ‘dog’s dinner’ of Sef equivalency negotiations
Industry united over spot FX definition after EC consultation
Industry wants nuanced position of FX spot settlement length
Standardisation reaches back-office functions
The fragmented nature of FX has made client management on platforms costly and cumbersome
Industry to meet regulators on FX options clearing plans
Industry plans to arrive at a workable framework for FX options clearing gather steam
Currency derivatives - regulating with consistency
The chief executive and chairman of the Wholesale Markets Brokers' Association (WMBA) say regulatory complexities have left market participants in the dark on derivatives
Poynder starts up FMR Advisory
The impact of Emir, Mifid and Dodd-Frank on FX businesses wil be the focus of Robin Poynder's newly launched company
Banks create specialist teams in surveillance "over-reaction"
Banks have tightened their electronic surveillance measures for chatrooms, in a move traders say is creating fear and uncertainty
Deutsche-MAS allegations may go back five years
Monetary Authority of Singapore says it is in touch with Deutsche Bank over its investigation of improper communications between the two, which could be as old as five years
WMBA says EC's FX spot consultation misses the point
Trade body hits out at European Commission’s consultation on FX spot definition
CFTC clarification little help for European swap platforms
European swaps still struggling to meet May 15 deadline on equivalence standards
European Commission launches consultation on FX definitions
EC consultation in response to ESMA's letter dated February 14
India reverses curbs on USD/INR trading
India's financial regulator has rolled back emergency measures it introduced last year as USD/INR rate stabilises
European MTFs in limbo over CFTC compliance ahead of May 15 deadline
European platforms left hanging as CFTC compliance still in doubt despite rapidly approaching deadline in May
FSB may publish FX benchmark recommendations before November
The FSB's foreign exchange steering group may recommend changes to infrastructure around benchmarks and wider infrastructure sooner than previously thought
No full disclosure on FX scandal in 2014, says FCA's Wheatley
Martin Wheatley, head of the UK's Financial Conduct Authority, says ongoing investigation unlikely to be concluded this year; laments prevailing culture of ‘ethical flexibility'
Credit Suisse a named defendant in FX antitrust law suit
Credit Suisse is one of 11 named defendants in a US class-action lawsuit that alleges a breach of antitrust laws, but says it hadn't been part of Weko's preliminary investigation and is astonished to be named as part of probe
Buy side steps in as banks tire of delegated reporting
Buy-side firms are offering delegated reporting for clients as banks understood to be weighing up whether to continue offering the service
A lot of work ahead says Marshall Bailey, president of ACI
Marshall Bailey says FX market must learn from current upheaval and prepare for "thinking outside the box"
Analytics firms trawl for evidence in fix, proof yet to be found
The trawl for evidence continues as allegations that traders colluded to manipulate benchmark prices remain unproved
European Parliament to lay out final offer on bank resolution
Parliament tries to force Ecofin’s hand after a breakdown in negotiations