Day: 27 August 2020

BNP Paribas Names New Head of Structuring Americas

BNP Paribas today announces the appointment of Sarah Wang as head of structuring Americas, which involves oversight of structuring teams across business lines. Previously, Wang worked at Barclays for 16 years, most recently as head of securitised product solutions structuring in the US. Prior to that, she was head of structuring in APAC and held various structuring […]

Virtu Releases FX Global Cost Review for Q2

Forward point volatility persisted into Q2 as a result of the pandemic, keeping market spreads high Every quarter, Virtu Analytics collates the performance of trades within Virtu Financial’s FX peer universe to provide colour around realised spread costs against market quotes. Spreads are expressed in basis point deviations from the market quoted mid-price (half-spread). Forward […]

IASB Issues Amendments to IFRS Standards

The International Accounting Standards Board (IASB) has finalised its response to the ongoing reform of interbank offered rates (IBOR) and other interest rate benchmarks by issuing a package of amendments to IFRS Standards. The amendments are aimed at helping companies to provide investors with useful information about the effects of the reform on those companies’ […]

COVID Exposes Compliance Issues, Drive Spending on Surveillance Tech

Spending on trade surveillance technology has been increasing at an impressive rate and could exceed previous growth expectations as firms address weaknesses in compliance infrastructure exposed during the COVID-19 pandemic, according to a survey by Greenwich Associates. Over the last decade, the trade surveillance technology market grew at a rate of 13% to 14% per […]

US Q2 GDP Revised Up to -31.7%

Second quarter GDP was revised up due to upward adjustments to all its components. Even with the small improvement, though, the second quarter reading remains the largest quarterly decline since the Great Depression. As a result, analysts will look past this data and toward the third quarter’s partial recovery. July data have been generally positive, […]