FX

  • Phase five initial margin deadline passes with EU silent

    Phase five initial margin deadline passes with EU silent

    Derivatives counterparties breathed easy in March when the Basel Committee on Banking Supervision and the International Organisation of Securities Commissions announced a year’s delay in the introduction of initial margin rules. But in Europe — with the deadline already passed — legal confirmation has still not appeared.

  • ESMA chooses permanent CCP committee chair

    ESMA chooses permanent CCP committee chair

    Klaus Löber has been selected by the European Securities and Markets Authority as chair of its CCP supervisory committee. ESMA has also picked two other members; all three will be assessed by the European Parliament.

  • Lira dip raises spectre of currency crisis for Turkey with banks in crosshairs

    Lira dip raises spectre of currency crisis for Turkey with banks in crosshairs

    Falls in the Turkish lira have reignited concerns about a currency crisis this week, with the Central Bank of the Republic of Turkey’s (CBRT) unorthodox exchange rate policy raising questions from investors about the robustness of the country’s respected banking sector. Mariam Meskin and Ross Lancaster report.

  • Turkey bond question rises as reserves dwindle

    Turkey bond question rises as reserves dwindle

    Despite the success of many emerging market sovereigns in issuing bonds in international markets this year, Turkey, typically a leading issuer, has been notable by its absence. And with its foreign exchange reserves running lower, the risks of it not being able to come to market at all could be mounting.

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