News
UBS exec: first trades via USC could take place this year
Risk Live: utility settlement coin project backed by group of banks moving “incredibly fast”
Hibor may drop, but rates volatility will stay
Open interest of Hibor futures on HKEX on rise as market reacts to HKD rates’ higher volatility
Citi shockwaves prompt rush for new PBs
BNP Paribas, Deutsche Bank, HSBC, JP Morgan and NatWest said to be onboarding Citi’s former clients
Record builds synthetic FXPB offering
Specialist currency manager will use tri-party model to move securities collateral between banks
Banks and prop shops expect more trading tie-ups
NDFs and FX swaps will increasingly trade on screen, but latter product gives banks advantage over non-banks
Westpac hires O’Flaherty as head of digital solutions
Ian O’Flaherty was global head of FX e-sales at Deutsche Bank earlier in his career
CBDC could work as contingency payment solution – Norges Bank
Research continues, although central bank finds CBDCs unnecessary to ensure public access to secure means of payment
BoE markets boss: diversity in FX is an imperative
As the landscape of FX changes, so too should the people who work in it, says Andrew Hauser
Lawmakers try to halt Facebook’s Libra over privacy and security fears
Swiss-based financial system potentially storing trillions of dollars could be target for hackers
IMF: some central banks ‘on verge’ of piloting CBDCs
Survey highlights need for greater co-operation on fintech regulation
BIS says theory behind EME policy must catch up with ‘reality’
Situation similar to adoption of inflation targeting in early 1990s, says BIS annual report
Gölitz joins SocGen Securities Services
Klaus Gölitz moves from FX sales and trading role at State Street
Dealers issue rallying cry for cross-currency benchmark reform
Global banks need to drive new standards for multi-rate swaps, say leading industry execs at Risk Live
Chandiramani joins TradAir Singapore in sales
Previously, Haresh worked in cross-asset e-trading and e-commerce sales at Bloomberg
Swift bullish on future of cross-border payments
Tests of GPI system enhance speed and transparency
HKMA, PBoC extend CNY access to HK Stock Connect investors
Settling in onshore yuan gives northbound investors access to larger pool of renminbi; liquidity higher and exchange rates less volatile
360TGTX to unveil new NDF streaming to aid bank algos
Complementary offering set to go live next quarter
Salimi joins fintech firm Addepar from Citadel Securities
Rashelle Salimi was head of Americas e-FX sales earlier in her career
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