The European Central Bank and Bank of Japan are embarking on a research project looking into the use of distributed ledger technologies for market infrastructure. In a speech this week, ECB executive board member Yves Mersch stressed that the bank cannot "at this stage" consider basing its market infrastructure on DLT because the technology is…
Read moreClearstream has just announced its August report. The highlights last month are: - Successful TARGET2-Securities wave three migration - Clearstream prepares for its migration in February 2017 After the successful third migration wave, TARGET2 Securities (T2S) is now gaining momentum, and Europe is one step closer to a harmonised settlement. With its own migration drawing…
Read moreThe European Central Bank (ECB) and the People’s Bank of China (PBOC) today announced the successful testing of their bilateral currency swap arrangement. The arrangement was established in October 2013, with a maximum size of RMB 350 billion and EUR 45 billion. As part of the ECB’s plan to regularly test its operational capabilities, the…
Read morePlatform contract includes coverage of U.S dollar- and yen-denominated interest rate swaps.
Read moreAccording to my calculations, should Europe be successful in making Britain pay £1 billion in emergency funding to Greece from taxpayers' money, that would equate to £1,445 for each person employed in London's financial sector, which is the economic powerhouse of the entire continent. Should Britain bow to European pressure and pour hard-earned money down the black hole?
Read moreFX swap market activity continued to be one of the most dynamic and liquid areas of activity within the money market, with this segment ranking second in terms of total turnover, despite fluctuations in activity in 2013 and 2014.
Read moreMario Draghi's speech was today interrupted by a female protester who shouted and wore a t-shirt defaming the European Central Bank
Read moreDespite continual financial woes in the Eurozone, some analysts consider that conditions may sufficiently improve that the 60 billion euro per month bond buying measures could be scaled down early
Read more“It would be wrong to assume that what is happening right now is a currency war,” says Ewald Nowotny, however many other factors suggest otherwise
Read moreAs the bond rates turn negative, and the Euro continues to devalue, Societe Generale tells the ECB that "The universe of buyable bonds is melting like snow in the spring sun.”
Read more