Taming of Asia's most volatile currencies creates new danger

Policy makers in Indonesia and Malaysia have been so successful in quashing currency volatility that this is breeding a new danger: complacency.

Derivatives

Emerging-market derivatives slow to catch on

Only one-tenth of global derivatives turnover is in contracts denominated in the currency of an emerging market economy, and what is traded is said to be disproportionately over-the-counter.

Derivatives

Derivatives trading needs equivalence

Global liquidity will continue to fragment if regulators do not harmonize rules on cross-border derivatives trading before new regulations come into force in the EU.

Derivatives

ECB questions non-euro CCP supervision

The ECB has previously tried to move the clearing of euro transactions away from London and into the Eurozone but the UK won a lawsuit to prevent this happening.

Derivatives

Winner takes it all in the world’s biggest equity options market

India’s index options market, the biggest in the world, is a virtual monopoly.

Equities
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Leverage ratio emerging as crux of post-post-crisis reform

A simmering debate about whether the leverage ratio or risk-weight capital rules should rightly act as the binding constraint on the biggest banks is likely to soon come to a head.

Derivatives

Swaps clearing faces tougher rules to avert too-big-to-fail

Global regulators proposed tougher standards for clearinghouses at the heart of the $493 trillion derivatives market, taking some of the biggest steps yet to prevent the platforms from becoming too big to fail.

India equity bull market still has room to roam, options show

A Bloomberg dashboard that aggregates several options- and futures-based functions indicates solid fund flows for the bull run, suggesting that India’s markets could continue their surge for the foreseeable future.

This obscure corner of London finance is suddenly a key battleground

An obscure back-office function intended to bring more stability to trading has emerged as a pawn in the post-Brexit battle for London’s financial-services industry.

A breakdown in old rules leads to a rethink on how global markets work

The prices of derivatives used for hedging currency risk are violating no-arbitrage rules, a development that points to a significant decline in global banks’ ability to intermediate capital flows from global investors.