LOOSE CHANGE
LOOSE CHANGE
The Federal Reserve's FX Committee has released a new version of it guidelines for FX settlement and netting as a follow-up to its October 1994 paper, Reducing Foreign Exchange Settlement Risk. The latest paper is in response to requests by FX professionals for more information on how individual firms should approach the settlement netting process.
ING Bank will be expanding its treasury operations (including money market, fixed income, foreign exchange and some derivatives businesses) in order
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Average reported daily UK FX turnover hits record high
Daily turnover of $2,881bn in October 2019, up 2% from previous high of $2,821bn in April
PBoC injects 1.2 trillion yuan as markets plunge
Chinese central bank eases to support economy as coronavirus spreads; Q1 GDP growth could drop to 4%
Spot volumes on platforms resumed downward trend in 2019
But an uptick was seen in FX swaps and forwards submitted for settlement
PBoC extends market closure as coronavirus spreads rapidly
Chinese central bank extends interbank markets closure and vows to maintain ample liquidity
