Opinion/Regulation
In a world of uncleared margin rules, Isda Simm adapts and evolves
A look back at progress and challenges one year on from UMR and Phase 6 implementation
Is stochastic cross-currency basis a better way to model IM?
Using Monte Carlo model extension for forward IM calculation avoids excessive outputs for MVA
Will last look disclosures come to FX derivatives?
JPM and NatWest have published their swaps and options last look windows – will others follow suit?
Is Citi’s SA-CCR hit a sign of things to come?
Higher cost of capital for banks dealing in short-dated uncollateralised FX swaps and forwards could impact dealers and clients alike
Direction of travel on last look becomes clear
Hold time holdouts likely to fall into line in face of increased regulatory scrutiny
Dealers face tough test on FX costs
Banks may pass on SA-CCR capital costs to FX clients
Platforms on edge as industry eyes progress of Currenex case
Lawsuit’s passage through US courts could determine whether copy-cat filings follow
Public policy lines blur: implications for reserve managers
Crisis-fighting has pushed central banks into new forms of risk-taking, which is impacting reserve managers
How Singapore manages its reserves
MAS managing director Ravi Menon explains Singapore’s total approach to reserve management
Why uncleared IM rules will spur innovation among asset managers
Those who split liquidity from credit restrictions and make operational efficiencies will be best placed to weather the initial margin storm
A new era for global FX
Neill Penney, co-head of trading at Thomson Reuters, says innovation rather than regulation can finally be the driving force in FX markets
Restoring trust in the foreign exchange market – the FX Global Code of Conduct
After one year of the FX Global Code of Conduct, the ECB’s Christophe Beuve and Roswitha Hutter give an update
Fresh Libor claims may follow PAG appeal, but the clock is ticking
Potential consequences of PAG decision are far-reaching in scope and scale, says Simon Bushell at Signature Litigation
Hardwiring best practice into spot FX trading venues
The BIS FX Global Code of Conduct is compelling participants to take a hard look at established electronic spot FX platforms
Focusing on the future of conduct
The complete FX Global Code of Conduct launches this week, driving a new era of harnessing technology to deliver compliance solutions
Adherence to Global Code of Conduct will reform behaviour
ACIFMA is leading efforts to support education and adherence by making commitment to the Code mandatory for its members
Demystifying MAR in a testing generation
The far-reaching market abuse regulation came into force on July 3
'What they do with your money' – could do better
A recent book about financial systems and reforms reveals a worryingly academic approach
Brexit and foreign exchange – the consequences
What would Britain leaving the EU mean for FX?
Negative policy rates prove no deterrent
Negative policy rates have not led to higher investment outflows; SNB intervention has become strategic to push the Swiss franc lower
Need for surveillance accelerates amid scandals
Regulators need specialist technology and methods to understand data dump