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Tory landslide crushes FX volatility, but it will return
Nerves in the foreign exchange market had been tense in the run-up to Thursday night’s UK election, with a rumour that Labour would win more seats than predicted sparking some volatility in the FX options market. But that was swiftly quashed when TV broadcasters’ exit poll showed a Conservative majority and brought volatility to a swift halt.
13 Dec 2019 -
Renewables hedging evolves swiftly as banks crowd in
A fuse has been lit on renewables hedging. In offshore wind alone, a wall of investment is set to hit the industry over the next two decades, one that will take many project sponsors into cross-border investments. Those prospects are already deepening hedging markets, writes Ross Lancaster
13 Dec 2019 -
Open access advocates fear German threat
As European Union regulators start to review the Markets in Financial Instruments Directive, some market participants are nervous that Germany will use the opportunity to stamp out their own ambitions for open access to clearing houses.
12 Dec 2019 -
RBC rolls out collateral service for UMR
RBC Investor & Treasury Services has launched a new collateral management service to help asset managers comply with non-cleared derivatives rules.
11 Dec 2019 -
Put demand spikes as investors hedge sterling's Tory rally
A surge in sterling this week has been accompanied by increased demand for FX put options, as investors take the view that there is little upside left ahead of the UK election next week.
05 Dec 2019 -
Firms still struggling with MiFID II compliance
Firms are continuing to struggle with reporting quality and processes around MiFID II compliance, according to a new survey.
05 Dec 2019 -
Corbyn ‘chaos’ the risk but Johnson win expected
The Conservative Party’s lead in the opinion polls is giving rise to expectations that risk assets will rally, Gilts will sell off and primary markets will remain open after the UK general election on December 12. But a victory for Jeremy Corbyn’s Labour Party would cause panic.
05 Dec 2019 -
Ophèle signs up to ESMA CCP group
The European Securities and Markets Authority has appointed Robert Ophèle as acting chair of its central counterparty supervisory committee.
04 Dec 2019 -
'Crypto Dad' Giancarlo joins law firm
Christopher Giancarlo, former chairman of the US Commodity Futures Trading Commission (CFTC), will return to the private sector in his first job since leaving the regulator.
03 Dec 2019 -
FCA examines applying SMR to benchmark admins
The UK Financial Conduct Authority (FCA) has started a consultation on how it should apply the Senior Managers Regime (SMR) to benchmark administrators.
02 Dec 2019
