All posts tagged "FX forwards"
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323EnforcementNew York Court Reinstates SIBOR Manipulation Lawsuit
The case is being reinstated to allow Fund Liquidation Holdings LLC to pursue claims against 18 banks on behalf of two defunct funds that initially launched the lawsuit.
March 19, 2021 -
359Securities & TradingTaiwan to Punish Foreign Banks for Facilitating Currency Speculation
The banks helped grains merchants trade in deliverable FX forwards in contravention of foreign exchange regulations.
January 27, 2021 -
987EnforcementMAS Bans Two Former Bankers for Fraud, Dishonest Conduct
The former OCBC treasury advisor placed unauthorised FX trades in client accounts, while the former UOB relationship manager made unauthorised bank transfers.
November 2, 2020 -
667ChinaPBOC Scraps Risk Reserve Requirement on FX Forwards
The risk reserve ratio previously made it more expensive to bet against the yuan by forcing FIs to set aside extra cash when buying FX forwards for clients.
October 13, 2020 -
733ChinaChina Publishes Rules on Prime Broker Access to Interbank FX Market
Foreign investors can apply to become prime brokerage clients to trade interbank FX forwards, swaps, and other FX derivatives to hedge interbank bond exposures.
June 2, 2020 -
695FeatureSFC Defers IM Rules, Maintains 1 September for VM Requirements
While variation margin requirements will still take effect from 1 September 2020 as planned, initial margin requirements for non-centrally cleared OTC derivatives will be deferred by one year.
May 8, 2020 -
393KoreaS. Korea Revises FX Derivatives Rule to Ease USD Funding Stress
The limits on banks' foreign currency forward positions will be raised to guard against a US dollar funding shortage amid a mass exodus of foreign capital.
March 19, 2020 -
1.0KEuropeESMA Seeks BMR Exemptions for Noncritical, Third-country Benchmarks
ESMA says BMR's wide scope has led to an unintended consequence whereby third-country benchmarks are not incentivised to keep providing their benchmarks in the EU.
February 18, 2020 -
1.1KFeatureHKEX Enables Central Clearing for Deliverable FX Forwards, Swaps
Enabled by Traiana infrastructure, HKEX OTC Clear is offering the first clearing service for deliverable FX forwards and swaps in the USD/CNH and USD/HKD currency pairs.
January 25, 2019
