China's financial regulators have published new rules to regulate bond trading, with a focus on restricting leverage and banning under-the-table deals designed to skirt regulations, people familiar with the matter told Reuters.
How Systematic Internalizers Will Change Trading
The transformation of Europe’s financial markets under the new MiFID II rules that took effect Jan. 3 will be accompanied by swathes of new jargon. Two words will be more important than most: systematic internalizers. That’s the name that banks and algorithmic trading firms will now go by when they trade directly with clients. Regulators created the category to impose some rules on the unregulated trading that happens away from public markets, yet exchanges complain that SIs are likely to increase the amount of over-the-counter trading. Banks aren’t complaining.
The Quiet Singaporean's Loud Revolution
His words don't carry a fraction of Fed Chair Janet Yellen's power to move markets; nor do his actions possess the strength of Haruhiko Kuroda's balance-sheet maneuvers at the Bank of Japan. He isn't an intellectual in the mold of economist Andy Haldane at the Bank of England, or Raghuram Rajan, the former governor at the Reserve Bank of India.
