Operational Risk
Outlook for e-FX: opportunities and risks for banks
As electronification spreads into new areas of FX trading, banks are under pressure to digitise more of their offerings to remain competitive. The race is now on to automate pricing, trading and hedging in areas such as non-deliverable forwards, swaps…
Tokenisation: the flipside of the coin
Turning traditional assets into digitally traded data is much harder than it seems
LCH launches FX options clearing
The first clearing service for deliverable FX is available initially for eight currency pairs
CLS rolls out monitoring tool for asset managers
Market participants gain real-time view of the trades they submit to CLS
CLS and Traiana expand aggregation to non-CLS currencies
The service now includes offshore Chinese renminbi, Russian ruble, Turkish lira and Polish zloty
CME Clearing and TriOptima clear first client trades in Mexican peso
Until now, only clearing brokers or FCMs were eligible to use the triReduce service to compress trades
FX operations: the case for mutualisation
To reduce costs, firms need to pool operational functions across multiple firms to generate economies of scale
RBC launches delegated execution tool for buy side
UnityFX, developed by RBC I&TS and Broadridge, will help investment managers with their operational FX needs
Banks are not catering to our FX needs, say SMEs
Such barriers may hinder firms from achieving their global expansion aspirations
Transparency and control will be key goals in 2016
OMS provider Barracuda FX's chief executive says more needs to be done to prepare for the new regulatory landscape
Banks move towards active compliance
Banks are taking a less passive approach and striving to spot wrongdoing early on
Currency manager calls for Swiss franc liquidity inquest
The collapse of foreign exchange liquidity during and after the huge Swiss franc move on January 15 caught market participants by surprise. Some are calling for an official enquiry
Japan's Mizuho joins CLS Aggregation Services
CLS and Traiana-backed aggregation engine extends global reach with addition of Japanese bank
FX Week Europe: Op risk requires greater focus in FX post-Sandy
Investment in business continuity and the robustness of electronic platforms is increasingly important in the light of Hurricane Sandy, say conference speakers
Hotspot FX takes a hit from Hurricane Sandy
A power outage at Knight Capital's New Jersey headquarters yesterday forced Hotspot FX to request that clients divert business to other platforms
US banks at a disadvantage in face of Volcker rule
Non-US banks will have an advantage over US counterparts when it comes to prop trading, according to one legal expert
Dodd-Frank slows down full implementation of Basel II
Contradictions in the US regulations slowing down exit from Basel II parallel run
Cebs issues finalised guidelines on op risk in market activities
LONDON – The Committee of European Banking Supervisors (Cebs) is confident the final versions of its guidelines on op risk in market-related activities will be implemented fully in June-end, 2011.
Tullett Prebon builds on OTC product transparency
LONDON - Tullett Prebon opened sales and client services offices in London and New York for its technology-driven price verification services, OTC Valuations, last week.
Dodd-Frank prop desk carve-out creates potential restructuring risks
Intellectual property and internal talent could get caught up in bank prop desk divorce