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  1. Softer NSFR may not save repo, banks warn

    The NSFR is not the only pressure on banks' repo businesses – in March, foreign banks with a US presence said they would retreat from the repo markets as a result of rules requiring them to hold capital and liquidity locally.

  2. Smart beta indexes gain currency with Asian investors

    Indeed, independence of provider has become a higher priority after investor suspicion about bank proprietary indexes was exacerbated by following the Libor and foreign exchange benchmark fixing scandals, which prompted the International...

  3. Sef execution of package trades to be postponed

    This pertains to when a foreign swap dealer that engages in certain conduct in the United States is subject to US transaction requirements. CFTC's Massad says no-action relief will be extended as market unprepared

  4. Moody's sees $14.5bn FX fines for top banks

    Credit ratings agency Moody's has estimated some of the largest banks in the foreign exchange market will end up paying regulators a total of $14.5 billion in fines for alleged misconduct around FX benchmarks.

  5. BNP Paribas harmonises forex and equities pricing

    Harmonising the systems on which it offers foreign exchange and equities to investors into one interface was always going to be a massive plus for BNP Paribas. If I want to do an equities trade, I can see my equities pricer; if I want to do a forex...

  6. HVB wins with placements and self-directed products

    Being able to spread operating and IT costs across different distribution channels is a clear advantage for HVB, as well as other major German providers in contrast to the pure public distribution practiced by many foreign banks, where market...

  7. US bilateral margin rules: a hit parade of horrors

    The authorities pledge to take "a holistic view" of foreign margin rules, meaning they "generally will not require that every aspect of a foreign regulatory framework be comparable to every aspect of the US framework, but will require the outcomes...

  8. FSB warns of spillovers from new bank structures

    Indeed the UK authorities contend that ring-fencing will have no 'extra-territorial' impact as it is confined only to UK banks and foreign banks' operations in the UK. The Volcker rule permits proprietary trading of government bonds by a retail...

  9. People: TD Bank bags Scotia Capital structuring team

    Personne will report directly to Derek Bandeen, Citi's global head of equities, and Nadir Mahmud, global head of foreign exchange and local markets. Toronto-Dominion Bank in New York has hired a structured products team from Scotia Capital...

  10. UK markets review focuses on FICC structure and conduct

    Launched on October 27 by the Bank of England's deputy governor, Minouche Shafik, the consultation paper 'How fair and effective are the fixed-income, foreign exchange and commodities markets? While spot foreign exchange and some forward contracts...

  11. CME rule hurts FX broker business, say participants

    A ban on foreign exchange transitory exchange for related positions (EFRP) at the CME has squashed business for forex brokers in the US, which have been forced to stop offering the service to clients, say market participants in New York, who...

  12. Taiwan compels life insurers to offer longer-dated products

    According to Taipei-based Chris Chien, senior supervisor in the investment management department of TransGlobe Life Insurance, the regulator's call for insurers to lengthen the duration of the asset portfolio has been heeded by his firm, which...

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