Banks
Dovish Fed improves conditions for EMFX – Morgan Stanley
Weakening investment outlook for US suggests economic performance falling back in line with rest of world
BNY Mellon: 2019 will see support-side innovation
Get excited about innovation, but don’t take your eye off the fundamentals
CLS: mitigating settlement risk is crucial as volatility rises in 2019
Geopolitical factors expected to drive markets this year
FireApps: digitalisation of financial markets will accelerate
Banks are no longer just talking about digitalising their business; they have allocated hundreds of millions to it, says Wolfgang Koester
Kx Systems: ‘fill or kill year’ for Global Code adoption
We need systems that can verify whether a firm is in compliance with acceptable market standards, says Richard Kiel
Fed’s room to hike spells trouble for EMs – Scotiabank
Central banks’ interest rate tightening will make it hard for emerging markets with large deficits
Asset managers hope for common FX tape
Monitoring and ensuring liquidity providers adhere to their own disclosure is difficult, but must be done
GFXC to publish disclosures, cover-and-deal findings
Global Foreign Exchange Committee holds two-day meeting in Paris on November 29-30
Volatility will not deter central banks
FX Week Europe panellists think central banks may see return of volatility as healthy mechanism that causes investors to recalibrate expectations
Morgan Stanley invests $15 million in Integral
Cash injection enables Integral to pursue platform expansion across broader set of currency participants
Best Banks Awards: JP Morgan
JP Morgan voted the Best Bank for FX at the 2018 FX Week Best Banks Awards, as well as the winner of eight other categories
Sucden hires Gillies to head e-FX sales
Kirsty Gillies ran the e-FX sales team at UBS in London for eight years
Day one of a no-deal Brexit: swaps and chaperones
Banks, platforms and repositories tee up EU entities – and dread the repapering crunch that would follow
Bogucki asks court to bar argument on fiduciary duty at trial
Judge will hear the matter later this month, ahead of February trial
European FX lawsuit may follow soon, says source
Institutional investors filed a lawsuit in NY against 16 banks on November 7, which could be followed by European complaint
Dollar-supportive factors may fade soon, says Wells Fargo
Longer-term dollar weakness likely as Fed approaches neutral policy, but how soon will that be?
DTCC begins testing DLT-based credit derivatives service with 15 banks
New service expected to launch after first quarter of 2019
Fed proposes lighter regulations for large banks
Lael Brainard objects to plans, warning they could leave taxpayers “on the hook”
Advanced Markets launches London operation
Nina Baksh will lead the London office for the FCA-regulated firm
Jurors begin deciding fate of FX Cartel
UK nationals face 10 years in prison if convicted of alleged price-rigging
Judge denies FX Cartel mistrial request
Judge Berman reserves making decision on defence’s motion for acquittal due to lack of evidence
‘You can’t game the fix,’ jurors hear in FX Cartel trial
Melvin says if the three traders wanted to game the fix, they couldn’t have chosen a worse time because the market is too liquid then
FX Cartel defence seeks mistrial after Gardiner’s testimony
Counsels claim “highly prejudicial” line of questioning from US has created “irreparable prejudice”
Gardiner: FX Cartel had ‘gentlemen’s agreement’
Matthew Gardiner, a co-operating witness for the government, says the group co-ordinated trades for profit