Foreign exchange
Documentation concerns slow CNY forex derivatives growth
Foreign fund managers need clarity before market can take off, say banks
Monthly swaps data review: Libor dominance challenged
There are more sources of over-the-counter derivatives data available today than at any point in the market’s history
A review of the fundamentals of the Fundamental Review of the Trading Book: standard foreign exchange rules are highly asymmetric with respect to reporting currencies
This paper develops a framework to fully characterize the invariance of the Delta capital charge for the FX book under a change in reporting currency.
The covered interest parity conundrum
Darrell Duffie explains why it’s difficult to arbitrage direct and swap-implied funding rates
Legacy booking models impede NDF clearing, banks say
Novation lag holds up clearing of forex products; some say dealers are dragging feet
Forex swap margin treatment uncertain ahead of VM deadline
With one month to go, market participants are still unsure how to treat foreign exchange derivatives
Eurex tees up OTC forex clearing with CLS
Net settlement at CLS could slash liquidity risks for CCPs clearing OTC forex contracts
Corporate deal of the year: Air Liquide and Barclays
Risk Awards 2017: Record-breaking contingent hedge accompanies complex, cross-border acquisition
Currency derivatives house of the year: HSBC
Risk Awards 2017: Clever approach to options pricing buoyed UK bank during Brexit uncertainty
Streaming liquidity provider of the year: XTX Markets
Risk Awards 2017: Ability to take risk and minimise market impact have helped the firm to build its direct liquidity business
Currencies flow market-maker of the year: XTX Markets
Risk Awards 2017: New-style market-maker defends old-fashioned virtues
Doubts and ambiguity remain around forex code of conduct
Customers face more responsibility for understanding dealing terms and more measures may be needed, sources say
Offshore RMB hedging costs soar as CNY/CNH basis hits record
Corporates "don't have a choice" about hedging
OCC fines Usher and Ramchandani $5m each in FX ‘Cartel’ probe
Former traders were indicted by the DoJ for the same offences
US indicts three in forex rigging probe
Accused UK-based traders face maximum 10 years in prison and $1m in fines
China M&A boom presents unique hedging headaches
Crackdown on ‘fake’ deals adds to risk in contingent hedges
M&A mania: deal-contingents re-emerge but risks remain
Price of forex hedges plummets as dealers flock to offer high-risk, high-reward product
Trump victory boosts FX volumes and uncertainty
Activity in interbank forex set to exceed levels seen after UK referendum and Swiss franc shock
LCH targets non-cleared market with radical new platform
Bilateral trades would be valued and margined using LCH swap curves
Sterling flash crash leads to market price confusion
Banks set their own sterling/US dollar low 4% higher than some traded rates
Margin rules lead to NDF clearing surge
Banks look to finally clear forex products, but options remain a challenge
Foreign exchange house of the year: BNP Paribas
French bank helps corporates hedge in the wake of China devaluation
Buy-side forex trading curbed as margin rules take effect
Prime brokers will cut off access to dealers if they fail to agree revised CSAs
China FX forward rules set to boost renminbi options market
PBoC extends reserve requirements on onshore forwards to foreign banks