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  1. 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...

  2. 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.

  3. Poor liquidity stalls long-dated Thai derivatives market

    Thailand's main swap rate, the THBFIX, is linked to an implied rate from the six-month foreign exchange swap curve, causing the Thai swap curve often to be below the related bond rate – which is anomalous due to the additional counterparty...

  4. 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...

  5. 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...

  6. 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. Before Invesco Powershares, Samaran was head of investment content at Source, a provider of...

  7. 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...

  8. 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...

  9. Fines to rise as regulators continue to punish misconduct

    And according to reports, the UK's Financial Conduct Authority (FCA) will announce a penalty settlement with some of the world's biggest banks for foreign exchange rate rigging in November, potentially reaching the billions, which would make it...

  10. Citadel ‘nervous’ about lack of Sef competition

    According to the most recent weekly Sef market data from consultancy Clarus Financial Technology, Bloomberg transacted 66% of combined volumes for interest rate swaps, index credit default swaps and foreign exchange derivatives in the dealer-to...

  11. Shanghai launches renminbi derivatives clearing

    Shanghai Clearing House (SCH) will finally launch its voluntary clearing service for renminbi foreign exchange forwards and swaps on November 3 but so far just three smaller foreign banks have committed to the service.

  12. SOPA Explained: Why It’s Bad for the Web & How to #StopSOPA

    Ambiguity in the definitions of domestic vs.foreign sites and “facilitates or enables”, to the extent that even sites compliant with DMCA safe harbor provisions may still be vulnerable. Big media companies may seek to cut off funding sources for...

  13. IRS Audits Google's Off-Shore Tax Strategies

    Security and Exchange Commission (SEC) requested in-depth details on the foreign profits reported by Google, especially in nations that had lower tax rates. Google's profit reporting for and the distribution of "intangibles" to foreign divisions is...