Regulators need specialist technology and methods to understand data dump
Guest comment from Nasdaq OMX
With days to go until approved swap execution facilities are set to open for business, the CFTC would do well to heed some of the warnings it is hearing from the industry
The implementation of Mifid II might be several years away, but market participants face challenges in properly implementing the regulation while also realising the benefits of liquidity, transparency and flexibility, warns law firm Jones Day
As missed deadlines recede further into regulatory history, the FX industry faces new challenges and has fresh battles to fight
Imminent rules are expected from the CFTC on the criteria required of electronic platforms seeking to become swap execution facilities under the Dodd-Frank Act
While it is still not clear which way the WGMR will rule on margin for FX swaps and forwards, regulators face the recurring danger of unintended consequences if they go the wrong way
Introducing central clearing into the foreign exchange market under new regulations has proven a thorny process, particularly for FX options. The priority for market participants should be to agree on appropriate processes for pricing, valuation and margining,...
The proliferation of new trading tools and platforms in the foreign exchange market is a welcome development that should enhance the buy-side trading experience, writes Lisa Seim
Regulation was top of the agenda at the FX Week Asia conference, with serious concerns voiced alongside some signs of positivity, writes Joel Clark
Following the recent revelation of further delays in the Dodd-Frank rulemaking process, an unpopular rule on centralised trading has been shelved. Felix Shipkevich believes it was the right decision
The launch of NDF clearing by LCH.Clearnet marks a major development for the FX market that will ultimately change the shape of the post-trade landscape
British Virgin Islands-based foreign exchange brokerage InterForex received a permanent injunction from the CFTC last month for soliciting business from US clients as an unregistered dealer. But the injunction was not in the public interest of preventing...
Regulators need to come up with a calibrated approach to calculating collateral requirements for uncleared derivatives, writes Joel Clark
Banks don't have long left to finalise and implement changes to their single-dealer FX platforms
The European Commission's recent proposal to impose a financial transaction tax from 2014 appears to ignore lessons learned in drafting other recent regulations
June in perspective: trade repositories take centre stage as FX participants prepare for a mandatory requirement to report trades to a central infrastructure
May in perspective: participants hope the US Treasury will hold by its proposed exemption, despite several calls for further independent analysis of the FX market
Systemically significant foreign exchange markets need transparency and regulation, argue Dennis Kelleher and David Frenk
Darrell Duffie's opposition to the US Treasury's paper misses crucial points, argues Justyn Trenner
A new monthly column by FX Week editor Joel Clark, reviewing the key trends and developments in the month gone by
Indications of the multiplicity of challenges that central clearing will introduce to the forex markets came thick and fast at the FX Week Europe congress in London last Tuesday (November 16).
The biggest risk going into the New Year is the impact of regulations on the forex industry.
It turns out that the sweeping regulations hitting the retail forex market are singling out not only the smaller shops, but also the larger players, such as Swiss broker Advanced Currency Markets (ACM).