GC Asia
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Markets must face up to new deadlines for Libor transition
Banks should stop issuing loans and bonds linked to Libor by October, according to the Bank of England’s Working Group on Sterling Risk-Free Reference Rates. But the scale of the challenge facing firms, particularly in the loan market, is causing concern.
16 Jan 2020 -
ISDA chief stresses 'critical' importance of Chinese netting
The International Swaps and Derivatives Association's CEO has called for more clarity on close-out netting in China.
16 Jan 2020 -
Prime brokerage boosts TriOptima to record FX compression
TriOptima has hit record compression levels with its FX forwards service, as the winds of regulatory change drove prime brokerage business its way.
15 Jan 2020 -
CFTC fines Mirae Asset Daewoo for spoofing
South Korea’s Mirae Asset Daewoo has been ordered to pay $700,000 after a US Commodity Futures Trading Commission investigation found one of its traders had engaged in spoofing.
14 Jan 2020 -
Safe eases onshore FX derivs hedging for foreign investors
The State Administration of Foreign Exchange (Safe) will allow foreign investors to participate directly in the interbank FX derivatives market so they can hedge their foreign exchange risks from investing in onshore renminbi bonds, according to a Monday notice.
14 Jan 2020 -
Brexit is just beginning
While voters who wanted to get Brexit done won a clear path to leave the European Union in December’s general election, the financial industry should be preparing itself for a protracted period of scattered and gruelling negotiations.
09 Jan 2020 -
ESMA releases reaction to Nasdaq CCP blow-up
The European Securities and Markets Authority has published the outcome of its analysis and follow up actions on central clearing counterparties' membership criteria and due diligence in the wake of the 2018 default at Nasdaq Clearing.
09 Jan 2020 -
Commodities position limit debate to kick off again as NGOs eye ESMA consultation
As market participants sent in their final responses to the European Securities and Markets Authority's consultation on MiFID II’s commodity derivatives position limits, NGOs look set to fight against financial industry suggestions. An Oxfam official said he was “worried and disappointed” by the exercise.
09 Jan 2020 -
ESMA puts out final SFTR report
The European Securities and Markets Authority has published its final report and guidelines on reporting under the Securities Financing Transactions Regulation.
07 Jan 2020 -
Bailey seen as ‘safe’ leader for BofE, despite lack of monetary experience
Andrew Bailey is seen as a ‘safe pair of hands’ as the new governor of the Bank of England. But while he is a veteran of the bank, his views on monetary policy are not well known, as he has never served on the Monetary Policy Committee. In that respect, though a career central banker, he resembles Christine Lagarde, who has taken the helm at the European Central Bank.
20 Dec 2019
