Bank for International Settlements (BIS)
Currency headwinds cost companies $11bn
North American firms report more losses than their European counterparts, but the amount is falling
Code of conduct unlikely to standardise execution policies
Customers face more responsibility for understanding dealing terms and more measures may be needed, sources say
BIS finds sterling crash was due to 'confluence of factors'
October 7 sterling flash crash in 2016 down to illiquid conditions, less experienced traders and loss of public data from venues
Taylor: the Global Code is a great place to start
Brigid Taylor, managing director of the ACI Financial Markets Association, looks at the regulatory challenges ahead in 2017
Risk-sharing efficiency of FX may be tested, BIS says
Study of FX markets highlights risk concentration amid a handful of top banks and the growth of electronic relationship trading
Regulators and the marketplace must keep talking
With new rules – from the BIS Global Code to Mifid II – set to go live, market participants' associations are urging calm
Spot FX cannot accept lower standards of behaviour
Although spot FX trades are not under its purview, the FCA has warned market participants to sharpen up their act
BIS appoints Carstens as general manager
Bank of Mexico governor to replace Jaime Caruana in October 2017, the BIS board of directors announced today
Widespread attestations being considered for code adherence
A revised draft of the new GCC for foreign exchange market will be released for comment in December
FX contracts in OTC derivatives soar to record high
FX instruments, as a share of all over-the-counter derivatives, rise from 12% in 2013 to 16% this year
ACI’s Woolcock replaces Bailey on MPG
At its Belgrade meeting last month, the ACI council voted to appoint Woolcock as its representative on the Market Participants Group helping to draft the new Global Code of Conduct
BIS: EM central banks up FX intervention to preserve stability
Maintaining financial stability shown to be increasingly important for EM central banks operating in FX markets
Covered interest parity anomaly signals trouble ahead if volatility picks up
Since the financial crisis, a persistent breakdown of covered interest parity signalled an anomaly in the market. Over the last two years the phenomenon has accentuated and policy-makers should not dismiss its meaning, warns the BIS
BoE’s Salmon warns FX industry on adherence
Chris Salmon, the Bank of England's executive director for markets and lead on global code adherence, says regulation could be on the horizon as soon as 2020 if market participants don't adhere to the new Global Code
FX market activity shrinks for first time since 2001
The BIS's triennial survey of FX markets shows a headline figure of $5.1 trillion, down from $5.4 trillion in 2013
BIS completes draft of Global Code of Conduct phase two
The FXWG plans to send the document to various FX committees in the coming weeks
Financial market infrastructures get cyber guidance
CPMI and Iosco say FMIs can be a major channel through which certain financial shocks can spread across domestic and international financial markets
BIS appoints Ellis as new secretary general
Monica Ellis will succeed Peter Dittus upon his retirement
Global Code must acknowledge inherent conflict in FX
Critics say the FX market is essentially full of contention and a prescriptive approach is needed
New FX code gains overwhelming support
Code covers ethics, governance, information sharing, execution, risk management, confirmation and settlement
April CLS volumes point to higher BIS figures
Bumper month will be basis for BIS triennial survey; ticket sizes likely grew as instruction number fell but value rose
Global code adoption expected by summer's end
While participants are excited about the conduct guidance, they say firms' internal behaviour is what will ultimately create change
Brexit will threaten London's FX dominance – survey
Poll of foreign exchange professionals shows 80% believe the UK will vote to stay in the EU
First phase of global code set for release on May 25
Debelle outlines the progress on a code of conduct at FX Week Australia