
Security Pacific Names Smith Chief Dealer Of L.A. FX Unit
BANKS
Tony Smith has recently been appointed chief dealer of Security Pacific National Bank’s Los Angeles foreign exchange operation. The move follows former chief dealer Allan McKenzie’s recent decision to join Swiss Volksbank’s London operation (FX Week, Sept. 28). As chief dealer, Smith will be reporting to the foreign exchange manager of the Los Angeles office, John Richards.
Before being named chief dealer, Smith was a Deutsche mark trader on Sec Pac’s desk in L.A. where he had been transferred
More on Regulation
DRW’s Wilson: regulatory confusion hinders euro stablecoins
Conflicting interpretations of EU rules will divert more capital to USD coins and away from euro assets, says Don Wilson
Emir rule delay leaves Simm paperwork gathering dust
Mid-year refresh triggers Emir 3.0 authorisation process despite unfinished regulatory standards
Tariff volatility pushes banks to tighten close-outs
Lawyers say dealers are looking to update playbooks for terminating derivatives trades
Indonesian CCP seeks thumbs-up from US, UK and Japan
Growing foreign bank interest pushes IDClear to pursue regulatory approval overseas
FX defs look to calculation agents for close-out rates
New Isda rule book also set to streamline ‘impossibility’ standard for disruption events
Iosco pre-hedging review: more RFQs than answers
Latest proposals leave observers weighing new clampdown on pre-hedging
Isda to finalise drafting updated FX definitions this year
New definitions on disruption events and fallbacks are core focus
Iosco mimics industry codes to tackle pre-hedging dilemma
Advocates breathe sigh of relief, but Iosco release carries suggested restrictions