Regulation
Bloomberg receives MTF authorisation from FCA
The Bloomberg MTF will provide execution of interest rate and default swaps
Global FX volumes climb off record highs
But still manage to grow year-on-year in April
European currency-hedged funds set for inflows
But UK counterparts will continue to struggle to attract new money
Capital outflows prompt drop in China's reserves
Holdings fall $110 billion in Q1 as domestic investors look abroad and the PBoC defends the exchange rate; analysts say ECB quantitative easing is probably the real villain
Sefs face uncertain future amid regulatory delays
Basel III could be the next trigger, but costs are mounting
EU revisions to uncleared margin rules address industry fears
European regulators roll back contentious elements of EU uncleared margin rules, including the treatment of cash collateral and third-country corporates
Panel speakers clash on last look viability
Panellists speaking at the FXIC conference in New York disagreed on current electronic trading practices in foreign exchange
Market participants cheer FEMR recommendations
Dealers, customers and platforms all welcomed the outcome of the long-awaited review
Spot FX to come under statutory rules – FEMR
The UK's Fair and Effective Markets Review recommends wide-ranging changes to certain FX business practices
FEMR will ban stop losses being offered for free
Review also set to ban use of last look without intention to trade
Renminbi is at fair value, the IMF says
The Fund declares China's currency fairly valued months ahead of SDR basket review, having previously thought it was out of step with economic fundamentals
Leverage ratio begins to bite for FX derivatives
The capital-intensive rule for banks, which has already affected the rates and credit world, is starting to hit FX - with clients expected to bear the brunt of higher costs
SNB posts record loss in first quarter
Numbers suggest the central bank is still intervening in currency markets
SNB's Danthine calls franc losers narrow-minded
It was 'absolutely certain' the SNB would end Swiss franc floor, says vice-chair of the governing board
Regulators must harmonise NDF clearing rules
Panel urges US and European regulators to avoid creating a split
Futures industry needs new business model
Senior policy adviser at Chicago Fed addresses market structure issues at FX Invest North America
Global FX reserves down, dollar allocations up
Valuation effects push USD portion of allocated reserves higher while EUR slips
Benchmark criminalisation ‘irrelevant' to current enquiry
FCA to regulate seven additional financial benchmarks from today
China overlooks own foreign investment cap
Hong Kong firm granted $1.2bn QFII quota, above the $1bn cap set in 2009, as world's second-biggest economy takes symbolic step towards opening up capital account
PBoC governor hints at capital account liberalisation this year
Zhou Xiaochuan says it will be ‘more convenient not only for enterprises but also for individuals at home and abroad to invest' during panel discussion with IMF's Lagarde in Beijing
FX market reprieve as margin implementation delayed
Large FX institutions gain as BCBS-Iosco delay the starting gun for variation margin until 2016, following industry pushback
EU benchmark reform beset by delays
The EU parliament is still set to go it alone as it attempts to regulate those administrators responsible for critical financial benchmarks
Conference delegates blast SNB for Swiss move
The SNB's decision to remove its minimum exchange rate in the franc should have been done with more notice, conference delegates say
CFTC commissioner questions NDF mandate suitability
All eyes on US regulator after Esma puts clearing of non-deliverable forwards on hold