Singapore FX market riding high on world events

Singapore FX market riding high on world events

By PAUL GOLDEN

The southeast Asian FX market is on fire and it is set to get a further boost thanks to a combination of political and economic turbulence, a regulator committed to facilitating infrastructure investment and increased interest from non-bank market makers.

PSD2: Real-time processing? Not so fast

PSD2: Real-time processing? Not so fast

By PAUL GOLDEN

Industry experts observe that while the revised Payment Services Directive (PSD2) represents an opportunity for corporate treasury to take advantage of real-time payment processing, it will take some time for the full benefits to be realised.

ETP leader reckons on risk reduction to crack FX market

ETP leader reckons on risk reduction to crack FX market

By PAUL GOLDEN

Flow Traders is confident that the approach that has made it the leading player in the European exchange-traded products (ETP) market can be replicated in FX as it looks to cash in on increased interest in non-bank market makers.

Calls grow louder for inundated UK regulators to tackle AML fragmentation

Calls grow louder for inundated UK regulators to tackle AML fragmentation

The UK Treasury’s inquiry into economic crime has identified fragmentation and inconsistency within the current anti-money laundering (AML) regime, while the high volume of suspicious activity reports is proving overwhelming for the regulators. But new technologies could be the light at the end of the tunnel.

Libor: Changing the frame of reference

Libor: Changing the frame of reference

By GRAHAM BIPPART

There’s a rush to find an alternative to ‘ibors’, but with just three years to go before banks might stop submitting Libor altogether, regulators and market participants are still trying to figure out the right questions to ask.

China’s banks to face new NPL hit

China’s banks to face new NPL hit

By CHRIS WRIGHT

A new rule change will require Chinese banks to recognize more loans as impaired, but while big lenders will sail through, there’s trouble at the smaller end of town.

Sideways: Fed stress tests – prizes for all (US banks at least)

Sideways: Fed stress tests – prizes for all (US banks at least)

By JON MACASKILL

Deutsche Bank’s failure of the recent Federal Reserve stress tests drew attention, but while the regulator was happy to kick the battered European bank while it is down, this was in stark contrast to its treatment of favoured home-town players Goldman Sachs and Morgan Stanley.

Two countries, two difficult bond regulators

Two countries, two difficult bond regulators

In both China and India, winning approval to sell offshore bonds can be a torment. One regulator applies the rules punctiliously, the other seemingly without rhyme or reason. It’s a wonder issuers can sell so much.

The two faces of China's bond regulators

The two faces of China's bond regulators

By MATTHEW THOMAS

The National Development and Reform Commission is China’s economic planner, overseeing everything from construction projects to the management of sugar reserves, but its approach to offshore bond approvals is chaotic and could cause lasting damage to the country’s bond issuers.

Sideways: Wall Street’s Washington takeover

Sideways: Wall Street’s Washington takeover

By JON MACASKILL

The coming move towards a Volcker Rule 2.0 that relaxes monitoring of proprietary risk taking by bank dealing desks has been portrayed as a result of president Donald Trump’s administration finally placing its preferred officials in key regulatory positions.

Near-death experience: when AT1 went to hell and back

Near-death experience: when AT1 went to hell and back

By MARK BAKER

AT1 contingent capital bonds are entering their second generation; issuers have begun refinancing the $200 billion asset class, but just two years ago the market looked close to collapse. What took it to near disaster? And how did it escape?

Special focus

AT1 capital/CoCo bonds: what you should know

AT1 capital/CoCo bonds: what you should know

Additional tier-1 (AT1) securities and contingent convertible capital instruments, known as CoCo bonds, absorb losses when the capital of the issuing financial institution falls below a supervisor-determined level.

Volcker rule: special focus

Volcker rule: special focus

Probably the single most controversial post-crisis piece of financial regulation, the Volcker rule has been blamed with hampering liquidity and has been criticized as virtually unenforceable.

TLAC: what you should know

TLAC: what you should know

We explain the FSB's total loss-absorbing capacity requirements for global systemically important banks (G-Sibs).