Leverage
US dealers slam capital hit on clearing for unreal CVA risk
Fed would diverge from Basel standards by imposing CVA capital on client-cleared trades
Optimisation firms prep for SA-CCR boom
FX expected to be big focus of industry’s new slimming drive – and vendors are jockeying for position
FX swaps clearing redux
SA-CCR could unleash the potential of clearing, and may ignite some big changes
SA-CCR adoption may spur wider FX swaps clearing
With up to 90% lower exposures on offer, dealers say capital benefits could outweigh margin costs
FX HedgePool: move to clearing may be irresistible
Jay Moore says balance sheet pressures will redefine buy-side credit relationships
Esma warns retail brokers over ‘pro’ push
Regulator warns brokers not to promote professional status to unqualified investors
Record builds synthetic FXPB offering
Specialist currency manager will use tri-party model to move securities collateral between banks
Saxo Capital Markets: Esma leverage limits on CFDs good for industry
The policy will reward well-behaved retail FX brokers
TriReduce CLS FX expands compression service to third parties
All market participants can now take advantage of the compression benefits
Brokers see mixed impact from Esma crackdown
Several brokers believe Esma’s decision will be good for retail investors, while others expect a flight to more lenient jurisdictions
BNY Mellon to build franchise partnerships using FXPB
The bank’s FX prime brokerage beta clients could go live within the next month
FCA sees 'serious risk of harm' in CFD products
In a letter addressed to the chief executives of CFD providers and distributors, the UK watchdog highlighted several areas of concern
BNY Mellon zeroes in on FX
Newly hired James Taylor discusses the business transformation taking place in foreign exchange at the bank
Esma proposes crackdown on CFDs and binary options
Esma considers ban on binary options and tighter leverage limit rules for contracts for difference
UK watchdog proposes tougher rules on CFDs
Leverage limit of 25 times for inexperienced retail clients and a cap of 50 times for all clients are among the suggestions
TriOptima completes first USD/KRW compression
Eleven institutions save $8.8 billion of notional
Leverage ratio begins to bite for FX derivatives
Capital-intensive rule for banks begins to bite FX world
Investment managers ramp up leverage with NDFs
SEC allows funds greater leverage on NDFs
Oanda back to basics as tough rules hit retail market
Margin FX trading provider Oanda is shelving plans to expand into the institutional space and is moving its focus back to retail clients
Australian regulators clamps down on leveraged forex trading
Asic clamps down on leveraged forex trading
Japan’s new leverage limit will hurt carry trade, says Glenn Stevens
Japan FSA's 25:1 leverage limit implemented on August 1 could kill the popularity of the carry trade for retail investors, says Gain Capital's chief executive