On Friday, Britain’s central bank, the Bank of England, took steps to keep inter-bank lending rates steady through 2021 as Britain negotiates its trade relationship with the European Union. In a statement, Bank of England Governor Andrew Bailey said, Britain… Read More ›
From 2020, shipping companies will have to comply to International Maritime Organization IMO 2020 rules which states that sulfur content in marine fuel must be 0.5%, down from 3.5%.The biggest polluters are dry bulk ships, which make up more than… Read More ›
Irrespective of whether negotiators and lawmakers manage to hammer out a Brexit deal, the European Securities and Markets Authority (ESMA) wants no disruption to central clearing. On Friday, in a significant development, the European Securities and Markets Authority (ESMA) stated,… Read More ›
Following the resignation of Britain’s Brexit minister Dominic Raab, the forex, derivatives and money markets are seeing a bloodbath. Following the resignation of Britain’s Brexit minister Dominic Raab in protest of Prime Minister’s draft Brexit deal, the pound nose dived… Read More ›
ESMA and regulators across the EU are keeping a hawk eye on the mountain of cross border derivative contracts that go beyond Brexit. According to a top regulator from the European Union, the EU may not have enough time to… Read More ›
The stock market pricing data reveals a pleasant surprise: investors are not all that complacent. With the U.S. stock market touching a record high and with daily stock gyrations nearing their multi-decade lows, a few investors had raised concerns regarding… Read More ›
The lawsuit involves several leading banks which have conspired to rig rate benchmarks, commodities and securities prices. The remaining defendants in the lawsuit are HSBC Holdings Plc, BNP Paribas SA Morgan Stanley, UBS AG, ICAP, Wells Fargo & Co and… Read More ›
The relocation of the multi-billion-euro business to a city within the EU is likely to happen once Britain leaves the bloc. As per an official from the European Union, the bloc is considering legislative measures to relocate London’s euro-denominated clearing… Read More ›
Barclays exit isn’t surprising since many large investment banks have also minimized their profile in the energy trade following the 2008 financial crisis. While merchant traders have sought to fill its shoes, given their aversion to the futures market and… Read More ›
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