News/Regulation
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
US agencies move to protect swaps after week of Brexit chaos
Fed gives legacy swaps a margin break to help fend off risk of contractual limbo
Basel Committee raises cryptocurrency concerns
Continued rise of crypto trading could lead to financial instability, BCBS warns
Giancarlo admits he might not finish Sef rules
CFTC chairman says his successor may have to finish regulation
Cboe to operate Amsterdam venue post-Brexit
Current Cboe Europe chief legal officer Adam Eades will be president of new entity
LMAX Digital seeks licence to operate in Gibraltar
The move comes on the back of booming volumes on the platform
China’s underground FX crackdown could hit offshore yuan liquidity
Renminbi deposits in Hong Kong already at lowest for seven months
Robert Bogucki acquitted of fraud charges
Judge throws out case against former Barclays trader
Esma withdraws Bloomberg’s trade repository registration
Bloomberg clients have already been transferred to a repository of their choice
RBI and Indian government boost banking sector as election nears
Central bank injects liquidity into banks as government recapitalises more state-owned lenders
Weidmann given second term leading Bundesbank
Deutsche Bundesbank’s distributable profit rises to €2.4 billion
RBI forms task force on offshore rupee
Task force will examine the effects of the offshore market on exchange rates and domestic liquidity
Powell hints at $1trn goal for Fed balance sheet
Proposed reserves buffer is more than enough, Charles Goodhart says
US and UK regulators strike deal to protect derivatives trading post-Brexit
Joint statement indicates ongoing co-operation, “whatever form” Brexit takes
Zimbabwe sets up interbank FX market with new dollar-pegged currency
Central bank governor pledges stability, but analyst says initiative is “cancerous”
Esma renews ban on binaries once again
European regulator still sees risks for investors, can keep renewing as it likes
Esma to recognise three UK clearing houses in no-deal Brexit
EU derivatives traders will gain unbroken access to UK CCPs, even with no withdrawal deal
PBoC issues 20 billion yuan of central bank bills in Hong Kong
Bills could be used to manage offshore yuan liquidity and stabilise exchange rates
Yuan takes key international step on Myanmar move
Yuan and yen added as trade-settlement currencies, as dollar use falls
IFRS 9 drives appetite for long-dated hedges in Asia
New accounting standard helps manage mark-to-market volatility of long-term trades
EIB on why it’s the first supranational bank to sign up to Global Code
European Investment Bank adjusts processes to principles of Code, which is heading for its second anniversary