Regulation
China cracks down on illegal FX trading
Market participants call for legal pathways to trade on monitored platforms
CBDC need not pose stability threat – paper
Markus Brunnermeier and Dirk Niepelt say some arguments about CBDCs are “questionable”
Sarb announces ‘CBDC feasibility project’
Central bank pursues partners to test digital currency
Inertia warning if uncleared margin rules delayed
Final phase of rules set to sweep hundreds of buy-side firms into scope in September 2020
Crypto assets have little impact on monetary policy, says ECB team
Task force concludes crypto assets do not fulfil functions of money
How Singapore manages its reserves
MAS managing director Ravi Menon explains Singapore’s total approach to reserve management
Mario Draghi dismisses crypto assets
Head of European Central Bank warns of high risks
Data reveals Emir swaps report matching rates at 40%
Figure is better than some feared, but still calls into question the value of dual-sided reporting
Euro’s ‘heft’ has been underappreciated – BIS’s Borio
Several roles of the euro as an international currency are underappreciated, says Borio
Sef rule reform needs to be targeted: CFTC official
Targeted changes are better than a total rewrite, says Rostin Behnam
Hong Kong moves carefully on swaps trading reform
Regulator SFC fears disruption to Hong Kong's position if it forces trades on venue, Isda AGM hears
China’s FX reserves hit seven-month high as capital flows back in
Reserves rise for fifth month in a row in March, as US-China trade thaw eases foreign investors’ concerns
How the MAS is using AI to spot rogue trading behaviour
Trained using machine learning, the Apollo tool scours trading data for suspicious patterns
CMC posts profit warning; Foley resigns
New Esma margin rules have “resulted in retail clients trading less”, online trading firm says
RBI to repeat FX swap following high demand for first auction
Second round of long-term liquidity will be on offer in late April
Singapore’s banks eye internal models for FX desks
New market risk regime dangles capital savings for own-models approach
How Brexit gives FCA a tech mountain to climb
FCA international head says regulator faces huge reporting and data-sharing challenges
FCA slaps permanent ban on binary options
Post-Brexit, the regulator’s ban on the sale, marketing and distribution of binary options to retail investors in the UK will replace Esma’s rules
PBoC chief pledges to keep opening up China’s financial sector
China will also continue market-based reforms of yuan exchange rates
RBI buys $5bn in FX swaps auction
Unusual move to inject long-term liquidity into the system is heavily oversubscribed
Carolyn Rogers to be next Basel Committee secretary-general
Canadian regulator will take over from William Coen
EU lawmakers fail to deliver on single-sided reporting
But there is still hope for EU swaps users in future Emir reviews
Where prosecutors stumbled in Bogucki and Cartel cases
Courtroom losses suggest failure to read the FX industry correctly before jumping into action
How Brexit is set to muddy Mifid transparency data
Market participants say duplicate reports in UK and EU will result in misleading public data