As various proposals are implemented to reduce the propensity for FX manipulation, WM Company takes the simple step of widening the fixing window to 5 minutes. Does a wider window reduce the chance of collusion?
In a blow to attempts to restrain rampant tax evasion, a Senior ex-UBS banker is acquitted of defrauding the US government by helping UBS conceal $20 billion. The difference between tax avoidance and tax evasion is the thickness of a prison wall.
The Bank of Japan takes the unprecedented step of including equity and real-estate assets as part of its stimulus programme. With the monetary base expected to rise and keep rising year-on-year, the outlook for Yen pairs is bleak.
The Fed's October meeting is highly anticipated and awaited by market participants of all types. Despite the Fed's pretence, if QE3 officially ends today QE4 will be what the markets scream out for in 2015.
The Top 10 banks are building sizeable capital reserves to mitigate a looming regulatory backlash specifically aimed at FX-rate manipulation. Regardless of the penalties, "litigation and regulatory matters will remain elevated for the foreseeable future".
The rate of debt acquisition has slowed but its reduction will not begin until 2019 at the earliest. Posturing and political points scoring continue to lie at the heart of Europe's bureaucracy rather than economic sense.
A political crisis in the Ukraine leads to economic calamities in Russia and forces the central bank to defend the Ruble in multiple bouts of intervention already this week. When it comes to fighting the tide, resistance is futile.
The CBR is rumoured to be on the verge of implementing capital controls for the first time since 1998, as the country maintains its overwhelming dependence on lofty oil prices and artificial market controls in Rouble flows.
As more banks engage in off-market transactions using SPV's and subsidiaries to shake off scrutiny, Goldman Sachs is accused of questionable practices, non-disclosure of conflicts of interest and bad business ethics. Again.
As falling volumes cut into banking revenues, FX activity at banks is falling at its fastest rate since 2008. Low volatility combined with internal restructuring is further complicated by regulatory challenges.
A recent report published by the Institute of Economic Affairs (IEA) suggests the debt overhang in most developed countries continues to grow and will require consistently stronger fiscal responses from already dwindling public purses.
With monetary and fiscal policy being completely exhausted in the majority of the developed world, a 'Grand Solution' to the debt debacle is on the horizon. What's coming will ignore the many and empower the few.
Almost every asset class is being fixed, manipulated and artificially 'gamed' within markets no longer representative of true value or fundamentals. It's being done by design and controlled by the Ivory Towers of Authority that cannot be questioned or disputed.