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Japanese firm plucks banker from UBS
The Americas derivatives community came together in New York to recognise and celebrate outstanding achievements across the industry
The derivatives market gathered in London on Thursday night to celebrate its leading players
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The U.S. Securities and Exchange Commission has appointed Jon Rymer as interim inspector general until a permanent appointment is made.
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Markit will launch an index of credit default swaps referencing corporations in central and eastern Europe, the Middle East and Africa in about four weeks, according to a spokesman.
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“Do you think [Australian dollar] was trading at a discount? It’s a deliverable currency, it’s got higher yielding rates than the U.S. It’s a free lunch. You get both yield and gain.”—Woon Khien Chia, head of local markets strategy, Asia at the Royal Bank of Scotland in Singapore, using AUD to illustrate the benefits of onshore China yuan acting like a deliverable currency .
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The People’s Bank of China’s moves in the week of April 14 to broaden the intra-day onshore yuan trading band and lift the short U.S. dollar ban onshore are clearly big steps towards further fx liberalisation. With nearly seven-years of history history, our regression study in this Learning Curve shows that there have been four major structural breaks in the PBoC’s CNY basket since the floating of CNY in July 2005. The latest break at the start of this year shows a further decrease of USD weight in favor of Asian currencies, which was compensated by a flattening of the appreciation trend. USD/CNY volatility will continue to increase as CNY trades more in line with Asian currencies.
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Separate default waterfalls at central counterparties for different markets and committed capital to each waterfall make sense for limiting contagion, Edwin Schooling Latter, head of the Bank of England’s payments and infrastructure division in London, told DI. -
Futures commission merchants and execution desks at sellside firms could influence how buysiders choose where they clear over-the-counter derivatives, according to a panel on clearing implementation at Markit’s Outlook for OTC conference in New York on Thursday.
