Bank for International Settlements (BIS)
Traders, vendors seek to modernize chronically underinvested FX tech
The average FX professional uses eight applications at any one time. But integrating the FX workflow is a daunting task.
Amid macro storm clouds, a silver linings playbook for fintech
Banks and VCs believe inflation and rising interest rates will result in winners as well as losers
This Week: Red Hat/Temenos, Six/BIS/SNB, Avelacom/LSEG & more
A summary of the latest financial technology news.
OTC FX options market gears up for faster electronification
The share of electronic trading in the market remains low, but a host of factors promise to change that for good.
People Moves: Xceptor, BIS, CFTC, Deutsche Bank, Tradewind, Dalzell
A look at some of the key "people moves" from July 8-12, including Alexandre Tombini, who joins BIS.
Financial Stability Institute Names New Chair
Fernando Lozano succeeds Josef Tošovský, who held the role for 16 years
FSB Names Tombini to Chair Budget Committee
Brazilian bank official with roles at FSB and BIS takes on new post
Rajan Named Vice Chair of BIS
India bank official elected to role at Basel-based organization supervising capital adequacy compliance
Basel Committee Points to Shortfall Drop Under Basel III
The Basel Committee on Banking Supervision states that its Basel III capital adequacy rules have produced a decrease in capital shortfalls among one group of banks.
BIS Names New Americas Council Chair
José Dario Uribe begins the next two-year term as chair of the BIS Consultative Council for the Americas, succeeding Agustín Carstens
Special FX
I've always had a particular interest in foreign exchange (FX), given it was the first asset class that I covered years ago. It's also, probably, the greatest success story of the financial services industry that's never reported. News at the end of last…
Singapore Displaces Japan as FX Market Tops $5tn Daily
The foreign exchange (FX) market's daily turnover has reached an estimated $5.3 trillion, according to the Bank for International Settlements (BIS), with over half of the volume accounted for by electronic trading.