Bank for International Settlements (BIS)
RBI and BIS gain access to China's interbank FX market
Second batch of official investors receive permission to trade FX spot and derivatives onshore; MAS and BoK are among them
Grand redesign
Non-bank market-makers are increasingly being viewed as serious players as they set about building customer franchises amid a wide-scale bank pull-back
Adopt code or face regulation, warn central bankers
Global code of conduct must be adopted when its published, Schiavi and Debelle urge
Farewell to self-regulation, goodbye self-policing
FX market participants prepare to end an era of unregulated markets
Puth: FX must repair its reputation
Global common code is chance to get things right
CLS CEO to brief market participants on code of conduct progress
David Puth will speak at an ACI America event in late October in New York
Global code of conduct to fill gaps in principal versus agent trading and last look
BIS will work towards plugging gaps in existing codes
BIS starts code of conduct work
FX working group had first meeting in Singapore
FX volumes surge as BIS warns of emerging market fragility
Dollar appreciation will dominate markets in 2015
Dealers still dominate activity in complex FX instruments- BIS
Interdealer activity accounts for 58% of notional amount outstanding
Panel clashes on best execution and NDF clearing in Boston
FX Invest North America panel debates NDF clearing
FXall sees record single-day volumes of $197 billion in January
FXall volumes hit single-day record at just below $200 billion
Dealers losing exclusive role in FX, BIS report notes
A new analysis of the 'anatomy' of the FX market notes the increasing influence of non-dealer financial institutions, following this year's triennial survey
FX Week USA: CLS expansion will be key to EM currency growth
EBS is 'holding its breath' for the ruble to be added to CLS, but regulatory affairs head cautions the addition of new currencies will take time
No CVA exemptions in US Basel III rules
Europe isolated as US regulators opt for broad counterparty risk charge
BoE deputy Paul Tucker quits after 33 years
Deputy governor for financial stability will stay for Mark Carney's first few months as governor of the Bank of England, before leaving to spend a time in academia
BIS: FX OTC markets hold steady, despite regulatory uncertainty
Semi-annual BIS survey reveals a rise in FX OTC derivatives transactions in the second half of last year
Avoiding collateral damage
While it is still not clear which way the WGMR will rule on margin for FX swaps and forwards, regulators face the recurring danger of unintended consequences if they go the wrong way
Review of 2012: October - December
FX Week looks back on the biggest stories of 2012, concluding with the fourth quarter. To read the original stories, click on the links in black
Concerns raised over Basel settlement risk guidance as consultation closes
The revised guidance on managing settlement risk could distort the FX market if implemented inconsistently, but should ultimately lead to greater use of CLS, say market participants
FX committees prepare for platform proliferation
Monitoring trading volumes in the foreign exchange market is an important priority for the central bank-sponsored FX committees, but if liquidity fragments across a handful of new trading platforms, could that analysis become more difficult? Miriam Siers…
Basel settlement risk guidance puts new demands on forex market
Governance, replacement cost risk, liquidity risk, operational risk and legal risk are among the issues FX banks must address, according to newly released Basel Committee guidance
HFT adds value to the forex market, says Bank of England
While the effects of high-frequency trading activity should continue to be monitored, the practice adds value to the FX market, a senior Bank of England official has argued
A man of standing: Michael Cross, BoE
During nine years in the markets division of the Bank of England, including three years as head of foreign exchange, Michael Cross has been at the forefront of the central bank’s response to the financial crisis. As chair of the FX Joint Standing…