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
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
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
The bank’s analysts say that ...
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 ...
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, ...
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 ...
The Wall Street
Blockchain Alliance (WSBA) has announced chairman of its various new working
The chairmen include:
George Samman for blockchain and financial markets, Justin Dombrowski for
research and innovation, Daniel Winters for tax and accounting, Bob Bonomo
Financial markets need to be more than just
effective, according to a Bank of England paper which argues they need to be
The paper, The Resilience of Financial Market
Liquidity, was authored by Niki
Anderson, Lewis Webber, Joseph ...
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 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, ...