Regulation
FX Week USA 2011: Delegates talk regulation and technology
Farah Khalique talks to delegates and presenters at FX Week USA about the regulatory and technology trends driving FX markets in 2011
Iranian public votes to switch currency name from rial to parsi
Early indicators from a survey on currency reform show Iranian public favours a change in the Iranian currency's name and denomination, senior official tells Central Banking, FX Week's sister publication
Multibank options platforms proliferate
Alpari’s Daniel Skowronski admits sourcing liquidity has been a challenge since the firm’s options trading platform went live in March
Hungarian regulator suspends iForex licence
Hungarian FSA raises concerns over iForex's risk-reporting to clients and strips licence for six months
DTCC/Swift win FX repository mandate
Both vendors will now move forward to develop the specifications of the FX repository, after winning an eight-month selection process, Afme announced today
FX Invest: US margin proposals could lock down $2 trillion in assets
Requirement for banks to post initial margin when trading with each other will result in huge amounts of liquid assets being locked down, according to analysis by one US prudential regulator
FX Invest: Implications for collateralisation under new CCP model
Saima Farooqi looks at the wave of upcoming regulations relating to central counterparty clearing, and what it means for collateral management
FX Invest: Rise of the super-Sefs
The Dodd-Frank Act created a multitude of would-be swap execution facilities (Sefs) – trading platforms that will aggregate dealer liquidity. Now, dealers want to hoover up the Sefs by building their own aggregation services, but it’s a strategy that…
FX Invest: US dollar's time as world's reserve currency draws to a close
With the European sovereign debt crisis grabbing headlines, markets might be forgiven for overlooking the nearing end of a second round of quantitative easing in the US. Debate over its success raises deeper questions about the role of the US dollar as…
Further liquidity fragmentation in FX predicted
Market-damaging behaviour should be controlled, but separation or elimination of high-frequency trading would be damaging to the market’s equilibrium, ClientKnowledge argues in research published today
Deconstructing Emir
The European Parliament is putting the finishing touches to its version of the European market infrastructure regulation, but a loophole in the rules could allow derivatives users to escape the clearing requirement, warns MEP Kay Swinburne. Matt Cameron…
Thomson Reuters reveals new timeline for Sef compliance
Vendor's conversational dealing platform will be Sef-compliant and subject to a new global rulebook by mid-2012, Thomson Reuters announces today
Deutsche Börse targets FX options after taking stake in Digital Vega
German exchange’s acquisition of a minority stake, announced on July 5, gives it a new-found foothold in foreign exchange options, according to Deutsche Börse official
European Parliament rejects Swinburne’s forex exemption
Crucial plenary vote on Emir on July 5 retains suggested amendments to recognise unique nature of FX derivatives, but stripped out explicit calls for an exemption
Spotlight on: Dan O’Sullivan, Société Générale
The French bank’s co-head of global FX trading talks to Farah Khalique about the impact of recent eurodollar volatility on banks and investors, and the practical challenges of implementing new regulatory requirements
Regulation will hurt FX liquidity, says Deutsche
Research warns reporting and exchange trading requirement will restrict liquidity in the market
The DTCC's repository monopoly
June in perspective: trade repositories take centre stage as FX participants prepare for a mandatory requirement to report trades to a central infrastructure
Banks welcome launch of CNH fixing
Treasury Markets Association launches USD/CNH spot fixing today, with quotes provided by 15 banks and the rate calculated by Thomson Reuters
Three CCPs per asset class optimal, say market structure experts
IntercontinentalExchange representative declines to comment on the possibility it will compete with CME and LCH.Clearnet in FX clearing
DTCC and Swift eye FX trade repository
New York-based group set to develop trade repository for every other OTC asset class and has pitched for FX in partnership with Swift
Spotlight on: Tod Van Name, Bloomberg
Bloomberg’s global head of foreign exchange talks to Chiara Albanese about the company’s progress since it entered the FX market in 2000, and how it is preparing for regulatory change and the advent of Sefs
Lack of liquidity could hinder offshore RMB centres
Former US Treasury official cautious on prospects for offshore renminbi
Australian regulators suggest clearing exemption for FX
Reserve Bank of Australia discussion paper commits to harmonising rules with US and Europe
E-platforms must expand product range or lose out, say banks
Webinar participants from banks and technology vendors discuss the implications of regulation for single-dealer electronic platforms