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Tribunal Begins for Citic Executives Over FX Derivatives Losses A Hong Kong tribunal has begun a hearing instigated by the Hong Kong Securities and Futures Commission into the activities of five executives that led to the company announcing it was facing losses of $9 billion relating to FX derivative contracts. ...
Big Step Forward for China’s SDR Inclusion IMF chief Christine Lagarde has given public support to an IMF staff paper that recommends China’s renminbi (RMB) is admitted to the IMF’s Special Drawing Rights (SDR) basket. China has been lobbying hard to have the RMB admitted ...
Weak Chinese Growth Fuels Need for More Support Says Barclays Chinese growth is not as strong as official figures suggest and more policy support is needed from the government to prevent the economy experiencing a hard landing, according to a recent report from Barclays. The bank’s analysts say that ...
Market Prepares for Fed Hike

04:52 November 9th 2015 in News, Around the World

Market Prepares for Fed Hike

With a tighter Fed policy looking even more likely after a strong employment report on Friday reinforced comments from Fed Chair Janet Yellen on Wednesday, analysts are looking at the likely reaction of the dollar to what is seen in ...
CFTC Reaches Record $3.14bn in Civil Monetary Penalties… The US Commodity Futures Trading Commission (CFTC) last week released the agency’s enforcement results for fiscal year (FY) 2015, which included a record $3.14 billion in civil monetary penalties. During the fiscal year, the CFTC filed 69 enforcement actions focusing on manipulation, ...
FIA Formally Merges Regional Organisations The Futures Industry Association (FIA) has officially executed the merger of FIA, FIA Europe, and FIA Asia into a single organisation.  The merger into one FIA will take effect on January 4, 2016 and the newly merged organisation will aim to represent ...
Wall Street Block Chain Alliance Announces Working Committee Heads The Wall Street Blockchain Alliance (WSBA) has announced chairman of its various new working committees. The chairmen include: George Samman for blockchain and financial markets, Justin Dombrowski for research and innovation, Daniel Winters for tax and accounting, Bob Bonomo technology ...
BoE Study: Markets Need to be Resilient as Well as Effective Financial markets need to be more than just effective, according to a Bank of England paper which argues they need to be equally resilient. The paper, The Resilience of Financial Market Liquidity, was authored by Niki Anderson, Lewis Webber, Joseph ...
Bank of England May Need to Recondition Market Expectations Don’t expect any fireworks from the Bank of England (BOE) on November 5, say analysts at Barclays, although Governor Mark Carney may have the tricky task of explaining to the market the MPC’s short- and medium-term interest rate expectations. ...
Digital Asset Announces Acquisition of Blockstack.io Digital Asset Holdings has entered into an agreement to buy Blockstack, a firm that offers a “blockchain-as-a-service” to enable financial institutions to develop applications on a private blockchain. This follows on from earlier acquisitions made by Digit Asset in June, ...