With new rules – from the BIS Global Code to Mifid II – set to go live, market participants' associations are urging calm
The FXWG plans to send the document to various FX committees in the coming weeks
Four-way agreements too difficult under Dodd-Frank external business conduct standards, say prime brokers
The deadline for FX agency desks and prime brokers to find a solution to the allocation of Dodd-Frank external business conduct responsibilities expires today
Preparing the necessary documentation for client clearing can take many months and could delay clearing under Emir, warn banks and clearing houses
Complications over close-out mechanisms and segregation models will delay the European addendum by up to three months, say dealers
Banks typically write confidentiality clauses into employment contracts, as well as restrictive clauses preventing former employees from approaching clients and staff. But do these clauses stand up in court? By Andrew Young
Efforts by Nafmii to bolster the definitions of China’s over-the-counter derivatives master agreements should help market development. But there are concerns about potential copyright infringement related to Isda master agreements.
Broker plans China build-out despite derivatives documentation spat
The rouble derivatives market developed in haste after further liberalisation of the currency in July 2006 and positive changes to the Russian Civil Code 1062, centring around the previous treatment of derivatives as gaming, in January 2007.
REAL-LIFE PROBLEMS, INNOVATIVE SOLUTIONS
Growing interest in Islamic banking, new technological developments and a wave of freshly repatriated money have put forex trading in the Middle East on the cusp of an exciting new era, reports Nikki Marmery
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