CLS Group’s Post

Risks from non-bank financial intermediaries (NBFIs) such as private equity and hedge funds can arise in a variety of ways, says Supervisory Board member Elizabeth McCaul.   For example:   ➡ via the correlation of exposures where risk can spill over from NBFIs to banks ➡ via hedging strategies being applied to the same exposures in both the regulated banking market and the NBFI market   To manage risks from the NBFI sector, we need a clear view of the extent to which banks are exposed to NBFI balance sheet risk.   Read the full interview https://lnkd.in/ggRYPJuv

In the stream this week - Capitolis sees record September as Novations momentum builds - https://lnkd.in/eRExRMXY Both LSEG FX and 360T saw a month-on-month increase in spot FX activity in September - https://lnkd.in/eSnuykGr Ted Holloway responds to the recent points raised by the editor of The Full FX, Colin Lambert about whether banks should be considering alternative means of making money in the FX market - https://lnkd.in/eUS4dFsh Post-trade infrastructure provider The Depository Trust & Clearing Corporation (DTCC) has launched DTCC Digital Launchpad - https://lnkd.in/eWy-G3C4 A new report from Coalition Greenwich (a division of CRISIL) finds that margin optimisation is once again a big feature of market participants’ thinking - https://lnkd.in/eriyutQg ISDA and Gfxd Global have responded to a consultation paper from the European Securities and Markets Authority (ESMA) that seeks to establish the effectiveness of firms’ execution policies by highlighting the “significantly different” nature of OTC derivatives - https://lnkd.in/eXfbyvYP That's all for now - for a weekly update on all news FX, subscribe to our free, non-spammy newsletter - https://lnkd.in/epyHdZVb #TheFullFX #OTCDevivatives #MarginOptimisation #Banks #FXSpots #CapitalMarkets #Forex

Financial institutions today encounter significant challenges in efficiently allocating internal costs within the intricate landscape of capital markets. The diversity of products, complexity of transactions, and ever-changing market conditions further exacerbate this difficulty. From Brokerage, Clearing, and Exchange (BC&E) fees to charges for Agent Banks and Custody Services, understanding and managing these costs is vital for maximising income and achieving transparency. Download this whitepaper to explore insights and strategies, from a recent executive roundtable in New York - for enhancing cost transparency in capital markets. https://lnkd.in/g5aEDtjT #tradingfees #brokeragefees #bce #costofincome #capitalmarkets #TLMfeesandexpense

🚨 Assets frozen in former JPM Russia trust over alleged debts to VTB. JPMorgan Chase & Co. Emerging Europe, Middle East and Africa Securities (JEMA), formerly JP Morgan Russian Securities, has had a range of assets frozen due to a case being brought by Russian bank VTB over alleged debts. Check out James Baxter-Derrington’s latest article👇 https://incm.pub/3JBZjZW #investing #assetmanagement #wealthmanagement #finance

⚠️ #CWG Markets Client Complaint: A client opened an account with CWG Markets through a manager and began trading, investing a total of $11,500. Despite some gains and losses, the client successfully withdrew $10,000. However, a balance of $7,196.31 was suddenly deducted, and the remaining $1,433 is now inaccessible. The manager has gone silent, and customer service has been unhelpful, offering no resolution. Full details: https://lnkd.in/gpyQpugS According to FxGecko data, CWG Markets has received 18 complaints so far, with 8 responses and 7 resolved. Before trading, use the FxGecko app to check brokers. File a complaint if you encounter issues. #fx #forex #trading #investing #broker #financial #markets #forextrading #investme #ForexNews

⚠️ Forex Investor Report:  CWG Markets customer reported an issue with withdrawing funds since July. The platform cited problems with an IB (introducing broker) client as the reason for freezing all client deposits and withdrawals. The customer finds this handling unfair and has made multiple unsuccessful attempts to resolve the issue with CWG Markets’ customer service.  More Details: https://lnkd.in/gtWp3VVU This issue has been reported to CWG Markets for resolution, CWG Markets has responded. Be cautious about the broker's service quality and reputation.  Before trading, use the FxGecko app to check brokers. File a complaint if you encounter issues. #fx #forex #trading #investing #broker #financial #markets #forextrading #Investment #RiskAlert #InvestmentRisks

Almost a year ago to the day, we were in the midst of banking sector turmoil, which started off with regional banks in the US and spilled over to Europe, eventually culminating in the forced merger between Swiss banks UBS and #CreditSuisse. The event represented an existential crisis for the Additional Tier 1 (AT1) asset class as Swiss authorities upended the natural bankruptcy waterfall – AT1 investors absorbed losses, while shareholders walked away with some recovery on their shares. What's happening with #AT1market now? Great overview in the aricle below⬇️ https://bit.ly/4c6T3GB

To help global market participants minimise basis risks and facilitate liquidity management across Asian and European time zones, SGX FX is pleased to announce adjustments to the official reference rate and timing of the Final Settlement Price (FSP) for its CNH FX futures contracts. This strategic change, starting with the May 2024 FX Futures contracts, aims to offer customers with a more robust tool for managing price risk exposures by adopting the Bloomberg Foreign Exchange Fixings Spot Rate (BFIX) and shifting the FSP publication time to 2:00 pm Singapore Time to coincide with common OTC FX Options expiry at 3:00pm Tokyo time.   These enhancements are a testament to SGX FX's dedication to innovation that centres on the needs of our market participants. It is now easier for our customers who are trading spot or options to hedge via our CNH futures seamlessly and efficiently. For more information on how these changes can benefit your trading strategies, don't hesitate to reach out to our team to find out more! 👋🏼   KC Lam | Gary Tan | Eileen Wong   #SGXFX #FXFutures #OTC #Spot #Forex #RiskManagement 

Comco Demands Deeper Investigation Into UBS Market Power: The Swiss Competition Commission, or Comco, has indicated concerns about the market dominance of the «new» UBS. Finma is keeping a corresponding report under wraps. #comco #finma