Foreign exchange
Lufthansa wary of OTC regulations
Corporates across the globe have lobbied to ensure end-users are not subjected to new clearing requirements for derivatives. For Lufthansa’s treasury department in Frankfurt, ensuring it is able to continue to hedge its foreign exchange and interest rate…
Citi hires Margolis from Goldman Sachs
Latest hire in a series of senior appointments to the firm's FX business
BNP Paribas tempts investors with forex basket
BNP Paribas has launched a commodity currency basket designed to promote foreign exchange and persuade investors of the benefits that come with the asset class
Statoil stung by hedging derivatives losses
Norwegian oil and gas giant Statoil's results are hit by major losses on hedging derivatives in spite of a rise in profits and production
Cross-border collateral may alleviate dollar funding strains: Emeap
Executives’ Meeting of East Asia Pacific Central Banks says crisis revealed shortcomings in regional money markets; swaps deals, cross-border collateral could alleviate some problems
Trade of the month: Non-domestic underlyings
When investors are seeking diversification that includes foreign currencies, there is a choice of methods for approaching currency risk
CFTC rules increase credit risk
Proposed rules to limit leverage on margin FX trading accounts at retail forex brokers will have the unintended consequence of increasing counterparty risk, according to Josh Levy, managing director at Tactical Asset Management.
Enforce clearing, catapult FX into the big league, say FX Week USA panellists
Foreign exchange is held back from fulfilling its potential as an asset class because of counterparty risk issues, said panellists.
Questions raised about CCP collateral
Bank collateral managers raise concern about wrong-way risk in clearing house collateral
Governors gloomy on outlook for pan-African currency
South African, Nigerian and Ghanaian central bank governors say path to regional and continent-wide single currency littered with obstacles; single currency will not correct underlying problems
Dodd-Frank: forex swap clearing exemption at Treasury secretary’s discretion
Blanket forex exemption dropped from final bill; Treasury to determine issue
Korea moves to restrict FX derivatives leverage
Bank of Korea and Ministry of Strategy and Finance cut back leverage caps and limit corporate hedging of currency risks to 100% from 125% of exposure
China to revalue renminbi ‘by 4-5%’ this year: Zhang Wei profile
The Chinese Communist Party’s former leading economist, Zhang Wei, explains how revaluing the renminbi is in China’s interests, why the financial markets are such a headache for the country’s leaders and how the new generation may yet prove to be the…
Capricorn FXG10: Capricorn Asset Management
Tenth European Performance Awards 2010
Dacharan High Exposure Fund: Dacharan Capital
Tenth European Performance Awards 2010
The IKOS Hedge Fund: IKOS
Tenth European Performance Awards 2010
German short sell ban snares long euro FX derivatives
Long euro derivatives positions caught up in proposed legislation, while doubts remain over the exemption of market-makers
FX volatility creates headaches for bond investors
Investors shift allocations to US dollar products as euro sinks.
Naked euro currency swaps face same fate as CDSs in Germany
Germany broadens shorting ban scope
In transition
Transition management is gaining popularity in Australia, with longer transitions using off-exchange trading platforms becoming increasingly common. But there are plenty of risks associated with such trades. Rachel Alembakis reports
Hedging hit hard
The Reserve Bank of India issued draft guidelines last November proposing a ban on reduced-cost derivatives structures – the source of much controversy in India’s corporate market during the past three years. But some corporates are not happy with the…
Asset owners increasingly switch on to transition risk issues
Financial crisis has been a ‘brutal awakening’ for Asian asset owners, say panel members at transition management event
Constructing a reputation
China Construction Bank (Asia) is enhancing its retail offerings in Hong Kong ahead of a planned expansion into mainland China. But the distributor is delaying sales of accumulators to high-net-worth and private banking clients for fear of reputational…