Big gapping moves in spot markets and higher prices for clients in FX derivatives are here to stay, as banks' appetite for risk has declined significantly and as global financial institutions pull back from market-making in non-core currencies, according to panellists at the 11th FX Week Asia conference in Singapore.
Regulatory initiatives such as the supplementary leverage ratio and the Volcker rule have dampened global banks' willingness to quote prices in derivatives contracts that corporates
- A route to economic growth – The Belt and Road Initiative 2018 survey
- Policymakers should act now to prevent next crisis – IMF panellists
- Dudley backs floor-based system for setting monetary policy
- The Bank of Italy’s approach to risk-based budgeting
- Asian Infrastructure Investment Bank – Raising expectations