FX Markets - 13 Jan 2020
Articles in this issue
Rival FX class action suit complicates cartel rigging claims
Only one can prevail, says judge of O’Higgins and Evans suits
BNP Paribas to launch e-FX pricing engine in Singapore
BNPP is latest bank to set up Singapore pricing engine; readies Cortex Live launch with AI and data tools
Bank of Thailand grapples with baht appreciation
Central bank relaxes FX regulations and cuts rates as baht hits six-year high
West Africa launches new currency in break with France
New ‘eco’ currency pegged to euro, but France will have less involvement in West African Economic and Monetary Union
First Ibor versus SOFR cross-currency swaps trades
Westpac and Citi strike BBSW/SOFR trade in landmark moment for Australian market
Exchange rate pass-through patterns are changing – RBI paper
Pass-through in emerging markets is non-linear, asymmetric and falling, the authors find
CBDC talk has been “overhyped” – former RBI deputy
Focus on retail CBDCs is potential distraction from core central banking functions, says Sinha
Accessing liquidity in emerging market currencies
HSBC explains the importance to global investors of accessing local expertise to mitigate FX market risk and execution costs.
Eurochain: CBDC project seeks secure anonymity
Proof of concept blends anonymity with AML/CFT regulation
ECB paper offers tiering solution to CBDC structural concerns
Separating CBDC functions could disincentivise use during crisis, but disintermediation of banking sector still a risk
Banks look to virtual data warehouses to unify trading desks
Adding a virtual layer could help take the burden off the traditional data warehouse
CIBC: steady as they go for G10 currencies in 2020
Don’t expect large FX moves this year, says Canadian bank