Asian corporates and CFOs cited FX risk as the financial
risk that they are most concerned about, according to a new survey from Thomson
Reuters and Asset Benchmark Research.
In the report accompanying the research results, it notes
that as ...
The Financial Markets Standards Board
(FMSB), established in the wake of last years Fair and Effective Markets review
(FEMR) process in the UK, has published its first draft standard aimed at
improving conduct in FICC markets.
The FMSB’s work ...
Following the results of the UK referendum decision to leave the European Union last week the common consensus amongst FX market participants has been that the biggest surprise – apart from the result itself – was how well the FX market handled ...
The Foreign Exchange Professionals
Association (FXPA) has commended the foreign exchange industry for its
preparations ahead of Britain’s referendum last week on whether to leave or remain
in the European Union.
FXPA says the preparations resulted in the
The board of directors of the Bank of International Settlements has
appointed Monica Ellis as secretary general for a five-year term, effective
January 1 2017.
Ellis replaces Peter Dittus, who retired in 2016, the BIS said in a
statement late Monday.
In her ...
Despite an initial period of “uncertainty and adjustment” that
is to be expected following the victory of the Brexit camp at the UK referendum
last week, “with good cooperation at the global level, I am confident that
uncertainty can be ...
participants reporting wider
spreads but continuous liquidity following the UK’s vote in favour of
leaving the European Union, platform providers claim that the FX market has
learned important lessons about how to function effectively in volatile market
Following the historic UK vote to leave the
UK, analysts have been quick to issue gloomy predictions for sterling and the
Societe Generale’s global head of macro
strategy Kit Juckes says in a note, “The UK economy enters ...
Sterling has endured a traumatic Asian
session as the UK has officially voted to leave the European Union with the
leave camp passing the 50% mark of votes cast.
of the damage was done before the outcome was officially ...
As the UK’s EU referendum swings decisively
towards the ‘leave’ camp, sterling has suffered a huge drop – its biggest in
more than 30 years.
Just over six hours after the polls closed,
UK broadcasters ITV News and Sky News have ...