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RBC appeals FX trader’s whistleblowing victory

RBC appeals FX trader’s whistleblowing victory

By FARAH KHALIQUE

The Royal Bank of Canada is appealing a judge’s scathing verdict that it sacked a former trader in London for blowing the whistle on lax compliance, citing a ‘robust compliance culture’.

Trade finance: we.trade banks to support multiple platforms

Trade finance: we.trade banks to support multiple platforms

By PAUL GOLDEN

Those behind blockchain-based trade finance platform we.trade, which completed its first round of transactions this month, have acknowledged that banks will have to support multiple platforms to offer a rounded digital trade service.

Middle East’s strategic location drives FX growth

Middle East’s strategic location drives FX growth

By PAUL GOLDEN

Less onerous regulatory requirements and the proximity to markets where retail FX is prohibited continue to encourage brokers to set up shop in the Middle East, despite ongoing state protection for the Saudi Arabian currency.

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Saudi Arabia gets MSCI recognition

Saudi Arabia gets MSCI recognition

By OLIVIER HOLMEY

Inclusion in the emerging market index is recognition of the country’s reforms and could bring $50 billion of foreign investment.