News
Budenberg appointed UKFI CEO
LONDON - Former UBS banker Robin Budenberg has been appointed chief executive of UK Financial Investments, the body established to manage the UK government's investments in financial institutions including the Royal Bank of Scotland (RBS), Lloyds TSB and…
State St case puts FX deals under scrutiny
LONDON & NEW YORK - Banks will come under increased pressure to provide greater transparency on foreign exchange transactions, following the California state attorney-general's FX fraud lawsuit against State Street, according to market participants.
CME accepts gold as trade collateral
LONDON - The clearing house of CME Group, CME Clearing, began accepting gold as collateral for trades on the exchange last Monday (October 19).
Global banks cause pricing bother in Asia
SINGAPORE - A change in foreign exchange options pricing convention by global banks is making it difficult for regional dealers to compete, according to Elliott Hann, head of sales in the data and analytics group at GFI.
Asia congress: Collateral issues crucial post-crisis
SINGAPORE - Terence Oh, head of foreign exchange prime services for the Asia-Pacific at UBS, called for better collateral management in light of the lessons learned from the global crisis, at the FX Week Asia congress in Singapore last Tuesday.