Bank for International Settlements (BIS)
SGX AsiaClear aims to be Asia's CCP for rates and FX swaps
SGX president Muthukrishnan Ramaswami says the new interbank OTC clearing service for Singapore and US dollar interest rate swaps will target Asian banks as a start, and soon global investment banks that trade with Asian counterparties. Asian local…
Non-banks lead 20% rise in FX turnover
BASEL - The global financial crisis has led to a slowdown in the growth of the foreign exchange markets, with most activity shifting to the investor community from the trade-based flow.
Turnover reaches $4 trillion
Trading between banks and the non-bank financial institutions surpassed interdealer volumes, reveal preliminary statistics from the Bank for International Settlements' (BIS) triennial foreign exchange survey.
Basel Committee to rethink CVA capital charge
Regulators may adapt the bond-equivalent approach amid claims the methodology will lead to perverse incentives
Regulators tout new impact studies as proof of Basel III’s viability
Basel Committee and FSB studies play down the economic impact of Basel III - proof, regulators say, that the reforms are fit for purpose.
CIBC continues FSG build
TORONTO - CIBC has made four key hires in its financial institutions group (FSG) in London, Toronto and Hong Kong, as it builds up its global capabilities.
BIS: Output loss not due to currency collapse
BASEL – Amid speculation from some corners of the market that the euro could collapse, the Bank for International Settlements (BIS) published its most recent paper, 'Chronicle of currency collapse: Re-examining the effects on output' on July 6. The paper…
BIS highlights risks of resurgent carry trade
Rate differentials make carry trades attractive, but this could cause trouble
The challenge of re-setting precedents
As if there weren’t enough inconsistencies between regulators, the Bank for International Settlements' head of monetary and economic policy, Stephen Cecchetti, has said corporates should not be exempt from clearing over-the-counter derivatives through…
Real outpaces euro in exchange trading
BASEL - The Brazilian real outpaced the euro as the second most actively traded currency contract on exchanges, due to an under-developed over-the-counter market, according to the Bank for International Settlements.
Corporates should be forced onto central counterparties – BIS
Central counterparties are wrongly perceived as being more expensive than OTC transactions, says a leading economist.
Banks starting to think local after crisis, BIS finds
Banks around the world are slowly shifting to rely on local retail funding, says the Bank for International Settlements
Trading Places, April 12, 2010
This week's people moves in the global FX market.
Exchange-traded forex products up in Q4 2009
Carry traders return to market
London dominates in forex
London tops rival cities, retaining its crown as the global hub for spot FX.
Paradigm shift in forex means new risks
The changing paradigm of the foreign exchange markets might create a new set of pressure points for the industry that need to be addressed, warned delegates at the FX Week Asia congress in Singapore last Tuesday.