FX

  • Crisis Talk — with Christopher Giancarlo, former CFTC chairman

    Crisis Talk — with Christopher Giancarlo, former CFTC chairman

    Chris Giancarlo was the 13th chairman of the Commodity Futures Trading Commission, the US’s top derivatives regulator, until last year. Before his five years at the helm of the CFTC he enjoyed a successful career on Wall Street, which included a 13-year stint as executive vice-president of GFI Group. Since leaving the commission he has focused on digital asset technology, in particular the development of a digital dollar. GlobalCapital caught up with Giancarlo to discuss regulation during the coronavirus crisis and the future of cryptocurrencies.

  • More flex likely on IM as CFTC committee votes for new waiver

    More flex likely on IM as CFTC committee votes for new waiver

    The US Commodity Futures Trading Commission’s global markets advisory committee, a steering group made up of market participants, has recommended that the regulator provide a further six month grace period for compliance with initial margin requirements.

  • Turkey bids for time with boosted swap line

    Turkey bids for time with boosted swap line

    After a week of speculation over which central banks would provide Turkey with a currency swap line, its central bank has announced an increase to an existing arrangement.

  • Turkey’s hair raising drive for growth leaves investors on sidelines

    Turkey’s hair raising drive for growth leaves investors on sidelines

    Turkey has stood out among emerging market countries for its rapid-fire approach to monetary policy, as it attempts to turbo-charge growth amid the coronavirus pandemic. But with sustained downward pressure on the lira, few foreign investors are willing to buy in. The crisis is also causing a hedging conundrum.

  • Turkish swap line ambitions met with scepticism

    Turkish swap line ambitions met with scepticism

    Market participants have dismissed the viability of Turkey extending its swap line arrangements with the US Federal Reserve this week to enhance the country's access to dollars. They also noted that little has happened to change their bearish outlook on the sovereign.

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