Articles by Michael Watt
Central bank reserve managers downbeat on euro
Managers down on euro, but see improving prospects for USD, GBP and Commonwealth currencies
Industry relieved over CLS Supreme Court win
Market disruption averted as unanimous decision goes in CLS's favour
Sef volumes up slightly in May
Overall liquidity picture still fragile
Regulators to take steps on trade surveillance
Surveillance should go hand-in-hand with new benchmark regulations, says Markit’s Hesketh
UK rate hike may come sooner than expected, says Carney
Incremental interest rate rise needed to match UK economic growth
Trend-following strategies will bounce back – academics
Returns drop in post-crisis situations, but positive overall
Scottish independence not a threat to OTC contracts
Scottish government unlikely to force contract changes if 'Yes' campaign wins
China Construction Bank set to become London renminbi clearer
Announcement due during Chinese premier's UK visit next week
LCH.Clearnet gains Emir approval
Clearer given the go-ahead by Bank of England
FX Focus - Sef volumes still struggling
Sef volumes are struggling to get off the ground as the industry waits for trading options and NDFs via a Sef to become mandatory. Can smaller Sefs survive this barren patch? By Michael Watt
FX Focus - Editor's Letter
Sef equivalency problems point to wider trust issues among regulators
FX Focus - Is Sef equivalency still solvable?
Negotiations for an equivalency system to allow European platforms to offer Sef-like liquidity to US persons fell apart in mid-May. Participants blame CFTC intransigence and warn of permanent fragmentation of the market. Can a solution still be found?…
Lloyds reinstates suspended trader
Martin Chantree cleared by internal investigation
Morgan Stanley cuts two in FX sales
Staff leave sales team at Morgan Stanley
Sef equivalency "back to square one" as CFTC takes hard line
WMBA’s Clark worries for future of equivalency regimes
Industry requests clarity over extra reporting requirements
Esma quizzed on specifics of collateral and valuation reporting
European MTFs fume over CFTC ‘incompetence’
US regulator made ‘dog’s dinner’ of Sef equivalency negotiations
Eurex finalises FX futures and options launch date
Exchange to launch new products in July after ten-month delay
European corporates see rise in hedging costs
Corporate treasurers are moving towards shorter tenure contracts to hedge FX risks
European corporates past the worst of reporting hurdles
Francois Masquelier says European corporates got through the implementation of trade reporting "largely in one piece"
Yen weakness unlikely in near term, says ING IM
Long USD/JPY positions predicted to suffer over next few months, according to ING Investment Management
EM currencies going from "doom to bloom"
EM currencies on the up, says SocGen strategist
EMFX panellists clash over futurisation of FX market
Exchanges will compete "fiercely" for FX market share, says CME’s Patrick
RMB growth offers ‘huge opportunity’ for London
Capital in position to benefit from RMB growth