Regulation
A response to Obama's reform plan
Details are being eagerly awaited for US President Barack Obama's banking reform plans announced last week – chiefly, what they mean for the new prop desks that have set up, and for prime brokerage relationships.
Banks banned from prop trading under Obama plan
Financial institutions that own a deposit-taking bank could be forbidden from conducting proprietary trading for their own profit and prohibited from owning, sponsoring or even investing in hedge funds and private equity funds, under new reforms…
US Senator commends House clearing exemption for FX
The decision by the US House of Representatives in December to exempt foreign exchange swaps and forwards from mandatory clearing requirements seems sensible, said Judd Gregg, a member of the Senate Committee on Banking, Housing and Urban affairs.
Regulatory fears will boost offshore markets
Offshore markets to gain from regulatory arbitrage
BGC plans to open China office
Broker plans China build-out despite derivatives documentation spat
The many faces of regulatory arbitrage
Happy new year (belated)! As we enter the new year the regulatory environment remains a key issue driving development, most recently in the form of the CFTC attempting to assert its authority on the US off-exchange retail forex market.
HSBC kicks off currency options market in Bangladesh
Emerging market in derivatives build-up
End users get initial support in derivatives ruling
WASHINGTON, DC – The US House of Representatives voted last Thursday (December 10) on amendments detailing significant changes to proposed over-the-counter derivatives legislation, which could favour corporate end users of derivatives.
An imbalanced proposition
At the time of going to press, decisions on the future of the foreign exchange markets was still hanging in the balance, as regulators in the US debated the inclusion of forex swaps and forwards into the over-the-counter derivatives reforms.
Strong words from the SNB
Neil Mellor, currency strategist at Bank of New York Mellon in London, warns against reading too much into the Swiss National Bank's latest policy statement.
Basel Committee reaches agreement on liquidity and counterparty risk
Reform proposal due this month
UBS reports fixed-income profit in Q3
ZURICH & PARIS - UBS's fixed-income, currencies and commodities (FICC) business returned to profit in Q3 for the first time in nine quarters, despite lower trading revenues from macro markets.
Finra tightens margins requirements
US regulator raises bar on leveraged investments.
Banks find USD’s future hazy
Banks are divided in their 2010 predictions for the US dollar, with some expecting the unit to falter on risk appetite while others anticipate US monetary policy will support the unit.
South Korea restricts FX derivatives trades
South Korea announces new restrictions on forex derivatives trades in response to corporate losses
Verbal intervention won’t stop US dollar losses
Adam Cole, global head of foreign exchange strategy at RBC Capital Markets in London, believes US dollar weakness is a reflection of conventional monetary policy