Articles by Joel Clark
Confirmation of US Treasury FX exemption brings relief to dealers
After two years of consideration, the US Treasury confirmed its decision to exempt FX swaps and forwards from mandatory clearing and exchange trading on Friday evening
Doing more with less volatility
The winners of this year's Best Banks awards are those that have proven themselves capable of winning business even when markets are less volatile
Barclays grabs top spot for FX options
The UK bank has risen from fourth to third place in this year's survey, and has also added FX options to its awards tally
Best Banks 2012: Kevin Rodgers talks to FX Week
Kevin Rodgers, global head of foreign exchange at Deutsche Bank, the winner of this year's Best Banks Awards survey, talks to Joel Clark about the challenges the bank has faced in 2012
Deutsche Bank takes first place as volatile market calms
As volatility diminished substantially in 2012, Deutsche Bank has held onto its top position in the Best Banks survey and clinched six additional awards this year
LCH.Clearnet bags FX clearing house award
In the inaugural award for best FX clearing house, LCH.Clearnet is voted top for the successful launch of ForexClear, which has cleared roughly 23,000 trades over the past eight months
New FX roles under Rohrbaugh at JP Morgan
JP Morgan last month appointed a new head of spot and a new head of forwards as part of a management reshuffle under Troy Rohrbaugh
EBS to move EUR/CHF away from decimalisation
Icap's EBS will complete the transition back to half and full-pip pricing on November 26 as data suggests the change has enhanced the depth of liquidity on the platform
CLS adds to board with Nolop appointment
Bruce Nolop has been appointed to the board of CLS, the firm announced on Friday
MarkitServ and Traiana prep pre-trade credit hubs
Post-trade technology providers are vying to build a pre-trade hub that will provide certainty of execution and clearing under new regulation, to be rolled out for rates, credit and FX within months
No need to panic about collateral supply, says Bank of England
Isda estimates that mandatory clearing and margin could require the posting of up to $30 trillion of initial margin have been inflated, not least because of a likely exemption for FX swaps and forwards, according to a senior BoE official
The jewel in the crown
Despite sweeping changes at a number of investment banks to prepare for regulation and changing market conditions, FX remains a core business for most top-tier banks
Basel proposal to capitalise settlement risk ‘unnecessary’
In comment letters published this week, banks have taken issue with Basel Committee guidance that would capitalise post-execution exposure to settlement risk
Banks face up to fragmented clearing landscape in Asia
In preparing for mandatory clearing, the priority is to ensure all CCPs across Asia adhere to the same set of standards, says Deutsche's David Lynne
FX to remain a 'cornerstone' of streamlined UBS
Swiss bank admits FX revenues declined during Q3 but vows FX will be a core business in its downsized investment bank
Integral hires Reuters veteran in New York
Douglas Sidnam joins the technology vendor as global head of solutions
Euro will weather the storm, says Natixis economist
Germany will not allow the euro to fail, which is why the currency is performing better than expected, according to Asia economist at Natixis
BAML expands in FX sales
BAML has made three appointments to its FX sales team in Europe, including Tariq Haider who joins from SG CIB
FX Week launches iPad edition
Joel Clark introduces FX Week's brand new iPad edition and explains how it will deliver extra value to subscribers
Bank of England FX committee hears corporate concerns
Rolls-Royce's assistant treasurer presented at the last meeting of the central bank's FX industry committee on the impact of derivatives regulation on non-financial companies
Angling for the Asian frisbee
Regulation was top of the agenda at the FX Week Asia conference, with serious concerns voiced alongside some signs of positivity, writes Joel Clark
FX Week Asia: Emerging markets FX moving electronic, say bankers
Client demand for electronic trading in emerging market currencies has risen in recent years, but more progress must still be made, according to senior traders in Asia
FX Week Asia: Sefs and OTFs may be unworkable for NDF market
Speakers at Asia conference warn of the unintended consequences mandatory platform trading could have for non-deliverable forwards
UBS readies regulation-focused FX algos
The Swiss bank will launch its first algorithmic FX trading tools early next year with smart order routing to help clients navigate regulatory change