Most Clicked FIA SmartBrief Stories

1. China to make it easier for individuals to invest overseas

FIA SmartBrief | May 29, 2015

China's State Council is expected to announce soon that it will allow individuals and businesses to invest directly in foreign markets. The move is part of China's effort to turn the renminbi into a reserve currency. The Wall Street Journal (tiered subscription model) (05/28) Financial Times (tiered subscription model) (05/29)

2. Chinese exchanges establish joint venture with Deutsche Boerse

FIA SmartBrief | May 27, 2015

The China Financial Futures Exchange, the Shanghai Stock Exchange and Deutsche Boerse have agreed to create a Europe-based joint venture to trade yuan-denominated products. The China Europe International Exchange is poised for operations to kick off in the fourth quarter. MarketWatch (05/27)

3. ESMA's Maijoor weighs in on EU-U.S. derivatives stalemate

FIA SmartBrief | Jun 01, 2015

More detailed rules agreed upon in advance at the global level could help jurisdictions avoid differences in the future, says Steven Maijoor, chairman of the European Securities and Markets Authority. The EU and the U.S. continue to struggle to agree on equivalency of derivatives regulations. Reuters (05/29)

4. Deutsche Boerse looks to expand footprint in Asia with derivatives venue

FIA SmartBrief | Jun 02, 2015

Deutsche Boerse has applied to open a derivatives exchange in Singapore. The German exchange operator hopes to launch the exchange in the second quarter of 2016. Reuters (06/02)

5. Banks likely face rule change on physical commodities

FIA SmartBrief | May 28, 2015

The Federal Reserve is expected to make public as early as June a proposed rule governing the participation of banks and other financial institutions in the physical commodities business, the Office of Management and Budget said. Faced with heightened regulatory scrutiny, major banks including Morgan Stanley and Deutsche Bank have said they will sell parts of their physical commodities businesses. MLex (subscription required) (05/26)

6. NFA seeks tougher capital requirements after FXCM losses

FIA SmartBrief | May 29, 2015

The National Futures Association is seeking tougher capital requirements in the wake of a $300 million bailout for FXCM related to Swiss franc losses at its U.K. affiliate. The proposal by the industry-funded regulator requires approval by the Commodity Futures Trading Commission. Bloomberg (05/28)

7. LME works with market makers to guarantee futures liquidity

FIA SmartBrief | May 29, 2015

The London Metal Exchange is striving to get a liquidity guarantee for its new steel rebar and scrap futures from market makers. However, major banks will need to support the contracts and institutional investors and big steelmakers will have to participate in the market to ensure longevity. Reuters (05/28)

8. Hastert resigns from CME board amid indictment

FIA SmartBrief | May 29, 2015

Reuters (05/28)

9. Analysis: Bache's fate highlights difficulties facing commodities

FIA SmartBrief | May 27, 2015

Societe Generale is buying parts of the commodities house Bache, rather than taking over the entire business from Jefferies. Observers say SocGen's approach suggests the effects of lower profit margins and increasing regulatory costs associated with trading commodities. The Wall Street Journal (tiered subscription model) (05/26)

10. Government bond futures reached new high in May

FIA SmartBrief | Jun 01, 2015

The number of futures contracts on government debt reached a new high in May as investors sought alternatives to volatility in bond markets and a lack of liquidity. Futures contracts have doubled since 2009 as derivatives have become increasingly popular after central banks began bond purchases to prod economic growth. Bloomberg (06/01)

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