FX hedging dilemma vexes corporates as costs spiral fx-markets.com/trading/794821…

Next, Lukas Becker, Joe Parsons, Bernard Goyder and Chris Davis spoke at length with senior bank rates traders at Citi, Goldman, Barclays, BNP Paribas and StanChart. The result is a five-part series of interviews called 'Talking Heads 2022': risk.net/derivatives/79…

“It feels like a solution that’s being created without an actual problem” – clearing expert, Europe-based bank hubs.li/Q01nFFlq0

With all the attention on GBP trading this week, options traders were spurred by last week's BoJ intervention in the Yen market fx-markets.com/trading/794828…

SA-CCR hit on US banks could hinder year-end dollar funding via FX Markets fx-markets.com/trading/794831…

The UK government’s blundering mini-budget has put unprecedented strain on pension funds. Keep up to date with all our coverage, available here: hubs.li/Q01pP8PD0

#CreditSuisse new strategy builds on the old one, as connecting wealth management to markets remains intact writes Bernard Goyder risk.net/derivatives/79…

After spending over $400 million buying #FX #options, Morgan Stanley Investment Management's bet on a weaker Chinese yuan may finally pay off, writes Ben St. Clair risk.net/derivatives/79…

Now the fifth most-traded #currency, dealers weigh pricing and risk managing #RMB like a G10 equivalent #FX #China fx-markets.com/our-take/79484…

SA-CCR gives RBC a chance to prove its worth fx-markets.com/trading/794848…

ANZ defies ‘white label’ trend with FX algo expansion fx-markets.com/trading/794851…

Credit Suisse's swap clearing arm in the US had $12 of required client margin at end-2022. No typo there, literally 12 bucks. risk.net/risk-quantum/7…

Credit Suisse takeover would bump UBS from G-Sib surcharge bucket 1, which carries a capital add-on of 1% of risk-weighted assets, to bucket 3, which carries a 2% add-on. hubs.li/Q01HsMX30

Some think the Financial Accounting Standards Board could face pressure to align its rules with international norms hubs.li/Q01K5qLt0

KfW has used an old ‘transport currency’ concept to post euros as collateral against trades discounted on a dollar curve. hubs.li/Q01MWKlt0

With growing interest in the role of non-bank market makers, an attempt to force XTX Markets to reveal its FX trading algorithms and source code in a US court case has been rejected fx-markets.com/regulation/794…

Corporates have also looked at options-based strategies to limit negative carry, and tweaks to cross-currency swaps to reduce liquidity risks and XVA costs. risk.net/markets/796020…

Hedge funds that used exotic FX derivatives to buy cheap forward exposure to volatility around the US presidential election are beginning to rack up profits risk.net/markets/796027…