United States (US)

• Regulation

‘Crypto Dad’ Giancarlo says DLT could have aided in Archegos

Former CFTC chair says managing collateral by distributed ledger technology would enable better oversight of risks

• 13 Apr 2021

• Infrastructure

IMF weighs up $650 billion SDR issuance

Figure would allow Biden administration to avoid a vote in Congress

• 25 Mar 2021

• Infrastructure

‘Do no harm’: central bankers warn against rush to issue CBDC

Agustín Carstens, Jerome Powell and Jens Weidmann highlight risks of acting too fast

• 24 Mar 2021

• Regulation

CFTC’s Behnam wants federal oversight of crypto markets

Proposal would make US first western country to regulate crypto exchanges and traders

• 22 Mar 2021

• Trading

US fund filings: Vanguard extends dominance as Citi dips

Fund giant responsible for more than a third of total forwards volumes and half of EUR/USD in Q4

• 18 Mar 2021

• Trading

A bitcoin ETF could threaten the world’s biggest crypto fund

Regulated funds may suck away demand for Grayscale’s off-exchange investment trusts

• 17 Mar 2021

• Trading

The world’s largest bitcoin fund has a tracking error problem

Grayscale Bitcoin Trust moved from trading at an average premium of 36.5% to an 11.6% discount

• 10 Mar 2021

• Tech and data

Optimisation firms prep for SA-CCR boom

FX expected to be big focus of industry’s new slimming drive – and vendors are jockeying for position

• 03 Mar 2021

• Regulation

CFTC urged to take lead on CCP margin models

Advisory committee unable to agree steps on margin period of risk, model transparency

• 01 Mar 2021

• Trading

US fund filings: Citi extends lead, BNP Paribas climbs

Total value of forwards positions jumps 11% after second-quarter dip

• 19 Jan 2021

• Regulation

US regulator casts doubt on key SA-CCR netting benefit

OCC rejects suggestion banks can net certain cleared client exposures; Fed stays silent

• 18 Dec 2020

• Regulation

US brands Switzerland a ‘currency manipulator’

Treasury also accuses Vietnam of manipulating exchange rate to gain “unfair competitive advantage”

• 17 Dec 2020

• Trading

Markets search for FX factor as rates fall flat

Traders signal shift to currency strategies, but is it passing fad or permanent fixture?

• 17 Dec 2020

• Trading

Margin rules snare FX options users

US banks forced to post margin on ‘naked’ trades, with buy-side firms soon to follow

• 15 Dec 2020

• Infrastructure

SA-CCR proves a bitter pill for US banks to swallow

Dealers concerned new regime will punish some business lines with rise in risk-weighted assets

• 03 Dec 2020

• Regulation

Public policy lines blur: implications for reserve managers

Crisis-fighting has pushed central banks into new forms of risk-taking, which is impacting reserve managers

• 19 Nov 2020

• Trading

How low can you go: falling cost of FX fix sparks concern

Algorithms are reducing fixing fees, but some dealers are willing to go even lower – perhaps dangerously so

• 16 Nov 2020

• Regulation

Joe Biden’s slow road to remaking US financial regulation

Moves on climate risk could come early; other changes may have to wait until end of 2021, or later

• 10 Nov 2020

• Trading

Big moves, but no panic after tumultuous US election

Treasury market saw its largest post-election move since at least 2000 – but liquidity held up

• 05 Nov 2020

• Trading

FX vol markets shrug off US election fears

Vols are trading below their pre-election levels despite uncertainty over result

• 04 Nov 2020

• Trading

FX volatilities fall on receding US election fears

Polls point to a decisive Biden win – though some worry market is being complacent

• 29 Oct 2020

• Tech and data

Banks rent ready-made algos for FX trading

NatWest, XTX Markets and others develop new outsourcing model for tech

• 14 Oct 2020

• Trading

New US fund filings reveal biggest forwards dealers

Group of four banks executed 48% of sector’s trades during second quarter

• 05 Oct 2020

• Trading

Nomura targets US in FX rebuilding effort

Return of volatility sees Japanese bank rehire in New York and focus global business on Asian pairs and FX options

• 28 Aug 2020