FX Markets - 20 Feb 2017
Articles in this issue
SNB risks friction with US due to FX policy
Switzerland could face being labelled a currency manipulator as the Trump administration takes aim
CLS promotes Wood as general counsel
The legal department's co-head replaces Alan Marquard
Invast Global appoints two
Andrew Pal and Cassandra Lister aim to strengthen the firm's presence in Asia
Traiana's head of FX quits
Jill Sigelbaum is leaving the Nex Group-owned post-trade services provider after 13 years
Choussy exits and Davidson steps in at JP Morgan
Andres Choussy decides to pursue other paths
BoE appoints new deputy governor
The central bank's chief operating officer will replace Minouche Shafik from March 1
HSBC's Zaimi ditches Asian FX for equities
Hossein replaces Patrick George as global head of equities
Bindler, Citi's global head of G10 FX, to retire
James began his career at Midland Bank in New York in 1982, before joining Citi in 1990
ADS granted investment banking licence in Hong Kong
Type 6 licence allows the firm to act as a financial adviser to corporates
Politics heightens FX risk for sterling and yen investors
Risk models show the yen to be the riskiest developed currency
Court fines FXCM over SNB undercapitalisation
CFTC filed a complaint after having to reach out to FXCM to learn of the $200 million shortfall
Housden joins Colt to head capital markets
Andrew will oversee the company's clients in Europe, Asia and North America
Saxo simplifies cross-border payments with virtual IBAN
Avoiding the need for multiple accounts in various jurisdictions
Deutsche Bank loses motion to dismiss last look claims
Last look-related legal action against other banks could accelerate
Banks gain no relief from CFTC's variation margin delay
No-action letter will benefit only a dozen or so swaps brokerages and energy firms
SEB: overvalued dollar to remain strong
With uncertainty dominant in other major economies, there is little to challenge the dollar's strength for now
South African competition office seeks price-fixing damages
Competition commission finds 14 banks colluded on USD/ZAR prices and seeks 10% of their annual turnover in damages