Search Results for: Banks
EBA publishes revised final draft technical standards and Guidelines on methodology and disclosure for global systemically important institutions
January 14th, 2016
The European Banking Authority (EBA) published today revised final draft technical standards and Guidelines on the further specification of the indicators of global systemic importance and their disclosure. The need for this revision was prompted by the new data ...
Societe Generale predicts collapse of the eurozone
January 14th, 2016
Societe Generale seconds RBS doomsday prophecy and predicts collapse of the eurozone Albert Edwards, a strategist at Société Générale bank, has warned of an impending global financial crisis similar to the one that occurred in 2008-09. This time, he ...
Pound Slumps as BOE Rate-Rise Expectations Recede
January 14th, 2016
China-linked market turmoil has made Bank of England rate increase less likely, investors say The British pound tumbled to a more than 5½-year low this week, as concerns about China help push back expectations of a long-anticipated interest-rate increase ...
What are Nasdaq’s Forex ambitions
January 14th, 2016
Nasdaq Suspends Currency-Trading Plans While Rivals Race Ahead Exchange operator says lack of demand led it to halt plans Nasdaq said to have been among bidders for Hotspot FX and 360T Nasdaq Inc. has put its foreign-exchange ambitions ...
Multipolarity: The Next Step After Globalization?
January 14th, 2016
The world economy during the last few decades has experienced “globalization,” a broad and admittedly vague term which refers among other factors to a rise in the ratio of world exports to world GDP, as well as the pattern ...
China doesn’t restrict forex sales to individuals: regulator
January 14th, 2016
The State Administration of Foreign Exchange (SAFE) said Wednesday it does not limit foreign currency sales to individuals, although China faces dropping forex reserves. SAFE denied media reports that Chinese banks put restrictions on foreign currency sales as many ...
Bank FX sales teams challenged in new regulatory climes
January 13th, 2016
FX sales teams are now more restricted in how much market colour they can provide to clients, challenging the relationship-driven industry. At first blush, much of the day-to-day function of an FX salesperson goes on as it did before ...
Barclays partners with SWIFT to enhance service quality for corporate clients
January 13th, 2016
Barclays selects SWIFT India to reduce complexity and risk for its corporate clients SWIFT India announced today that Barclays has selected it as a channel for payments, cash management, trade finance and treasury transactions for their corporate customers. Eleven ...
China names central bank deputy governor as new forex boss
January 13th, 2016
China’s cabinet has named Pan Gongsheng, a deputy governor of the country’s central bank, as its new top foreign exchange regulator to manage the country’s currency reserves and steer yuan reforms. Pan will replace Yi Gang as head of ...
More foreign institutions allowed on China’s forex market
January 13th, 2016
China’s central bank allowed more overseas central banks and similar institutions to enter the country’s inter-bank foreign exchange market on Tuesday. Seven such institutions completed registration with the China Foreign Exchange Trading System, which signaled their official access to ...
