FX Markets - 24 Jun 2019
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Articles in this issue
Regulators prepare response to Facebook’s Libra
Plans under way for G7 working group as crypto asset plans draw criticism in Europe and US
Facebook unveils new ‘currency’
Social media group plans to “reinvent money” with payment system backed by liquid reserves
Citi culls HFTs from FXPB client list
HC Technologies, Jump Trading and Virtu Financial among those told to find new prime broker
Stable relationships still vital in FX, say asset managers
Accessing liquidity when needed is more important than price, according to buy side
LSEG provides tools to another crypto exchange
On top of AAX deal, LSEG is doing design study with second crypto market about to launch
FXPB fee jump unlikely, say dealers
HSBC and NatWest say client charges unlikely to rise significantly despite new margin costs
Canada not looking to change exchange regime in 2021 review
Deputy governor highlights benefits to economy since adopting regime
Internationalisation of euro pushes ECB to rethink policy
Wider euro use forces policy-makers to consider ever more global factors in monetary policy analysis
E-FX specialists highlight algo limits
Algos and automation said to struggle in pricing complex macro events
Crédit Agricole’s head of FX options departs
Andrew Soper leaves French bank to pursue other opportunities
Clark and Bradley join Millennium Global
Currency manager makes senior hires as it expands global footprint
Mishra promoted at Commonwealth Bank of Australia
Former Deutsche trader becomes head of Apac Stir trading in Sydney
IBM: interbank currency blockchains should address emerging markets
Banks and fintechs, including USC consortium, vie to build distributed networks for FX transactions
CBDC could raise bank funding costs – Philadelphia Fed
Choosing an appropriate interest rate could help alleviate problem, say researchers
Rabobank: US and China heading for Cold War
Fed cuts will not be enough to sustain EM currencies while capital outflows continue as tensions persist