News
BoE drops Libor for hedging UK FX reserves
Central bank adopts Sonia in Treasury swap programme, consults on restrictions for Libor collateral
Quinif touches down at HSBC
Brian Quinif left Nomura as it downsized emerging markets FX team
Rupiah stability in focus as Indonesia eases requirements
Central bank likely to wait for Fed’s rate decision before cutting main rate
CBDC effect on lending depends on competition
CBDC could increase bank lending if banks have some market power, they say
France’s de Galhau unveils G7 task force on ‘stablecoins’
Banque de France governor says group will weigh up impact of Libra and other “stable” crypto assets
Weston joins CIBC as head of funding and liquidity
Reilly Weston moves to the bank from Industrial and Commercial Bank of China
Schmeja becomes associated partner at Management & Advisory Services
Former head of FX Emea at Citi Private Bank is advisory board member at FX Prime
Zimbabwe’s ‘mono-currency’ move triggers sharp rate hike
Central bank hikes overnight rate by 35 percentage points as local currency becomes sole legal tender
FSB weighs options for tackling rise of non-banks
Randal Quarles says strict regulation necessary if crypto assets such as Libra are used widely
Lloyds hires Saggers as head of e-trading
At Bank of America Merrill Lynch, Nicholas Saggers worked in rates and e-trading
David Woolcock becomes head of banking at Disberse
Industry veteran started his career more than four decades ago at HSBC
Tradepoint sell-side technology streams far-date NDFs
Trading tech provider engages with a dozen banks on far-date and broken tenors
BIS annual report warns of big tech threat to banks
Basel-based body wants “level playing field” for banks and tech firms as Facebook enters payments space
Tradition preps new data platform
Broker to launch product to enhance FX cash and derivatives coverage
Mishra promoted at Commonwealth Bank of Australia
Former Deutsche trader becomes head of Apac Stir trading in Sydney
LSEG provides tools to another crypto exchange
On top of AAX deal, LSEG is doing design study with second crypto market about to launch
Keeping the robots honest
Human overseers are in short supply in an arena where losses can be crippling within minutes
Internationalisation of euro pushes ECB to rethink policy
Wider euro use forces policy-makers to consider ever more global factors in monetary policy analysis
Regulators prepare response to Facebook’s Libra
Plans under way for G7 working group as crypto asset plans draw criticism in Europe and US
Stable relationships still vital in FX, say asset managers
Accessing liquidity when needed is more important than price, according to buy side
Clark and Bradley join Millennium Global
Currency manager makes senior hires as it expands global footprint
Canada not looking to change exchange regime in 2021 review
Deputy governor highlights benefits to economy since adopting regime
Citi culls HFTs from FXPB client list
HC Technologies, Jump Trading and Virtu Financial among those told to find new prime broker
FXPB fee jump unlikely, say dealers
HSBC and NatWest say client charges unlikely to rise significantly despite new margin costs