Latin America looking to protect against currency swings

Central bankers in Mexico and Colombia have recently put in measures to guard against swinging currency values

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Banks cut currency traders as forex volatility continues

As banks continue to trim the fat globally, forex traders are the ones facing the deepest cuts

India and UAE sign currency swap pact

India and the UAE have agreed in principle to a currency swap arrangement in the hope that it might strengthen bilateral economic and trade ties

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Could the end of big money stop crime?

The European Central Bank is rethinking its policy on large banknotes to curb crime, tax evasion and deflation

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CBN clamps down on BDC

The Central Bank of Nigeria has stopped selling dollars to BDCs to protect the country’s foreign reserves

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Japan shocks markets with negative interest rates

The Bank of Japan implements negative interest rates in its first benchmark move in over five years

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London-based broker Plus500 taps into Cyprus for regulation

Plus500 joins hundreds of other international forex providers applying for Cypriot licenses in light of low corporation taxes

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Major banks brace for record fines over currency rigging allegations

HSBC, Barclays and Royal Bank of Scotland putting aside hundreds of millions suggests that the latest round of allegations could be bigger than the Libor scandal

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Chinese regulator eases overseas investment restrictions

China’s SAFE has made changes to its forex administration in order to make it easier for Chinese individuals and businesses to invest overseas

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JP Morgan hires its own team to promote FX compliance

The US firm has hired a compliance team to look exclusively at FX and rates markets in response to charges from a US regulator and new probes from the UK’s Serious Fraud Office

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Barclays Chairman warns against tight controls on forex market

Barclays’ Chairman has warned against strict controls on forex trading, fearing that enforcing tight regulations could “spoil” the market

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SFO launches investigation into forex price rigging

The Serious Fraud Office has launched an investigation into allegations of collusion and manipulation in the forex market

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Texas to regulate cryptocurrencies as lessons are learned from MtGox

In the wake of the MtGox collapse, Texas banking commissioner issues guidelines for cryptocurrency trades in the state

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Forex scammer fined $1.8m

Foreign exchange traders are coming under increasing scrutiny after a series of scandals

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FCA probes personal traders accounts

UK regulators are investigating individual traders for allegedly front-running client orders and profiting on inside knowledge

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CBN cracks down on currency imports

The illegal importation of foreign currency in Nigeria is impacting on the country’s fragile economy, prompting the CBN to introduce new regulatory restrictions on foreign exchange

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Colombia, Chile and Peru join forces

Three South American powerhouses join forces in combined foreign exchange platform

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FX regulations ‘decrease economic growth’

Tightened rules could lead to smaller forex players joining forces, as well as promoting greater transparency across the industry

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Just how useful is the Dodd-Frank Act?

New regulations have curbed a number of previously unregulated derivatives in bettering transparency, however oversights in the way of cross-border trading could likely spur conflict