FX Markets - 22 Jul 2019
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Articles in this issue
Regulators plan to delay IM ‘big bang’ – market sources
Most see final phase of initial margin rules coming a year later, in September 2021
Identity crisis for Facebook’s Libra under lawmakers’ grilling
Washington wrestles with ‘regulating the heck’ out of Libra without stifling innovation
Debelle swings at ‘buyer beware’ disclosures in FX
‘They don’t give you free licence to do whatever you want,’ says new GFXC chair
JP Morgan tells HFTs: you’re ‘all finding homes’
But credit intermediation space has inefficiencies that more kill switches would address, conference hears
UBS: last look is sticking around, but conversation evolving
Bank says transparent and open discussion can produce “mutual benefits going both ways”
trueEX to shut; deal done with crypto venue
Would-be disruptor will exit swaps business on July 19
E-money poses serious threats to financial system, says IMF paper
Paper recommends a ‘synthetic CBDC’ to preserve financial stability
Trump lashes out at Libra
US president says Facebook’s system will need a banking licence if it wants to be a bank
West Africa announces ‘eco’ currency plans
Single currency seems unlikely to be introduced by next year, despite updated launch plans
Flow Traders hires head of trading in new FX push
Non-bank market-maker said to be looking to build out FX franchise
Caplin makes three senior hires
The three have nearly 100 years of experience in financial markets between them
Millward joins Galinov’s new startup, 24 Exchange
Former Cboe FX product strategy head joins Bermuda-based derivatives exchange
Kurk joins Northern Trust as COO
Hire aims to capitalise on acquired technology and product capabilities
Gölitz joins SocGen Securities Services
Klaus Gölitz moves from FX sales and trading role at State Street
Bank of Thailand voices concerns over baht appreciation
Thai central bank says it has cut supply of short-term bonds to curb hot money inflows
Mexican peso falls on finance minister resignation
Crisis complicates inflation outlook and fuels fear of political interference in independent institutions
Rabobank: dollar to strengthen on Fed’s slow rate cutting
Fears of slowdown in emerging markets and rate cuts by other G10 central banks will contribute to greenback’s strength