United States
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Cryptocurrency regulation won't be harmonised across jurisdictions, said two panellists at a Futures Industry Association conference in London this week. -
Puxin and VCredit Holdings, both of which launched IPOs earlier this week, were covered on their first day of bookbuilding.
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As banks struggle with tracking brokerage costs, they need to work out ways to properly manage cost transparency by normalising their trade data.
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Top officials from global supervisory bodies furiously debated the implications of new European rules that change the oversight of foreign clearing houses, covering the role of central banks, national regulators and arrangements in crisis situations.
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Larry Thompson, vice-chairman of the Depository Trust & Clearing Corp, on Tuesday suggested that populist rhetoric in the US might be overshadowing President Trump's strong choices of leaders in independent financial oversight agencies.
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New Frontier Corp, a Hong Kong-based special purpose acquisition company (Spac), is planning an IPO in the US worth as much as $200m.
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The Commodity Futures Trading Commission on Monday discussed a new proposal that would not change the notional threshold at which financial institutions have to register as swap dealers.
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Chinese education firm Puxin's $166m New York Stock Exchange IPO was covered by demand from Asian investors alone on the first day of bookbuilding.
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BB&T was the sole benchmark investment grade borrower to brave the dollar market in a week when political instability slammed the brakes on supply.
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US corporate bond bankers are hoping for a rebound in supply in June, after the high grade new issue market limped to the end of May.
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Goldman Sachs and three other major banks have signed up to the project to build a joint electronic bookbuilding system for the US investment grade market, joining Bank of America Merrill Lynch, Citi, and JP Morgan and giving the new platform a strong shot at total market dominance. Goldman’s merchant banking arm sold Ipreo, the main rival to the new project, last week.
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Cryptocurrencies had an incredible run last year, but for them to really hit the mainstream, their advocates should study the sort of old money institutions many of them oppose: central banks.
