Global Financial Markets Association (GFMA)
GFXC to entice buy-side code adoption with ESG tie-ups
Rating agency partnerships would link FX code adoption to ESG scores
GFMA mulls FX determinations committee
Creation of CDS-style board is one option on the table for managing forex market disruption events
GFMA proposes disruption settlement framework for FX
Russian ruble close-out pain triggers calls for voluntary multilateral pricing framework
Price advantage could spur buy-side clearing, says Goldman exec
Margin savings alone may not be enough to boost buy-side use of CCPs
The future of FX clearing and where the market could end up
Uncleared margin rules (UMR) implementation is a large undertaking for firms and there remains a great deal of preparatory work to ensure UMR readiness, with complex infrastructure and resources needing to be put in place. FX is not part of the new rules…
Industry bodies mull reform of disruption fallbacks
Following Argentine peso debacle, GFXC and others seek alternatives to fallback protocol
PBs seek remedy for credit addiction in FX
Group set up after big Citi loss considers limit-checking hub, among other options
GFMA: expect new trade lifecycle technology to surface in 2020
FX industry will see more use cases for algos, AI, distributed ledger technology and order routing
Asifma: Asian focus on smaller counterparties for IM rules
Initial margin regime, conduct principles and China's lifting of FX restrictions are focus of Asian trade body, says Ball
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
Mifid transparency has failed so far, say traders
Poor-quality, inaccessible data and the lack of instruments covered undermine use case
GFMA sees Mifid II as an opportunity for dealers
Dealers will review their strategic decisions in 2018
EU sparks hopes of securitisation margin reprieve
Optimism over EU Council amendment, but Parliament will still have to approve
Asia strongly supportive of Global Code of Conduct – GFMA
Backing from local central banks for the principles will filter down to participants, says John Ball
Focusing on the future of conduct
The complete FX Global Code of Conduct launches this week, driving a new era of harnessing technology to deliver compliance solutions
Regulators and the marketplace must keep talking
With new rules – from the BIS Global Code to Mifid II – set to go live, market participants' associations are urging calm
Scotiabank joins board of GFMA global FX division
GFXD also appoints JP Morgan's Claudia Jury and Nomura's Nigel Khakoo as chair and vice-chair
GFMA requests uncleared margin delay in the US
Bifurcation of liquidity and major impact on FXPB cited for call
New FX code gains overwhelming support
Code covers ethics, governance, information sharing, execution, risk management, confirmation and settlement
GFMA appoints Americas managing director
Victoria Cumings moves from CLS in New York
Central banks agree high-level FX guidance
Updated guidance will provide principles for FX market participants
Mandy Lam exits GFMA
Lam takes up buy-side general counsel role
Banks consider sealed trading rooms to reform benchmark procedures
Isolating traders to prevent manipulation
No end in sight for Sef confirmation struggles
CFTC delays documentation issue for another year