Search Results for: Banks
China central bank sets reserve requirements for all FX derivatives
September 2nd, 2015
China’s central bank will require reserves to be set aside for purchases of all currency derivatives from October, according to a document seen by Reuters, as Beijing moves to make it more expensive to bet on further depreciation of ...
ANZ signs AU$450 million, five-year strategic partnership with IBM
September 2nd, 2015
Leading edge technology to help ANZ be the best connected and respected bank across Asia Pacific ANZ, one of Australia and New Zealand’s leading banks, has signed a five-year, AU$450 million strategic agreement with IBM (NYSE: IBM). This partnership will ...
BitPay calls on industry to form ‘Bitcoin Association’
September 2nd, 2015
BitPay, the leading processor of Bitcoin payments, said it’s about time the biggest companies in the space began working together, and even suggested the formation of a “Bitcoin Association” to help promote the currency. Sonny Singh, chief commercial officer ...
In The Month Of September 2015 We Officially Enter The Danger Zone
September 1st, 2015
Is September 2015 going to be one of the most important months in modern American history? When I issued my first ever “red alert” for the last six months of 2015 back in June, I was particularly concerned with ...
Update on the implementation of the EU Audit Directive and Regulation
September 1st, 2015
The Department of Business Innovation and Skills has published an update on the implementation of the EU Audit Directive and Regulation: “Following Baroness Neville-Rolfe’s Written Ministerial Statement of 20 July 2015, which named the Financial Reporting Council (FRC) as the ...
Bloomberg Launches Electronic Trading Platform in Japan
September 1st, 2015
Mandatory Electronic Trading of Japanese Yen Interest Rate Swaps Takes Effect Bloomberg Tradebook Japan Limited (“Tradebook Japan”) today announced the launch of its Electronic Trading Platform (ETP) in Japan, in support of the September 1 mandate for banks and ...
Global 100 firms expand in Europe as Hill Dickinson hires a captain
September 1st, 2015
Last week saw Global 100 firms building their presence in Europe, with White & Case bolstering its private equity (PE) practice and Cleary Gottlieb Steen & Hamilton expanding its competition offering in Brussels. Meanwhile Hill Dickinson hired two partners for its ...
China c.bank to clamp down on forwards trading to curb yuan depreciation
September 1st, 2015
Banks must hold 20 pct reserve vs nominal FX forwards value Reserves to be denominated in U.S. dollars, no interest paid Move seen as increasing risk control, discouraging speculation Yuan lost 2.6 pct in August, worst monthly performance on ...
Statement by Glenn Stevens, Governor of RBA: Monetary Policy Decision
September 1st, 2015
At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. The global economy is expanding at a moderate pace, with some further softening in conditions in China and east Asia of late, ...
U.S. Currency Probe Expands to Russia, Brazil Trades
September 1st, 2015
U.S. prosecutors have expanded their probe of currency-market manipulation by some of the world’s largest banks to include the Russian ruble and Brazilian real, according to two people familiar with the matter. The Justice Department is using cooperation agreements ...
