The conversation around the Fix continues apace, which is great; only by having these debates do we better understand what does, or does not, need changing, and also what good, and bad, ideas there are out there. Over the last few days I have had plenty of contact from managers in the asset management world […]
Albert Einstein is often alleged to have said, “The definition of insanity is doing the same thing over and over again and expecting different results.” I say allegedly, because it is claimed in many circles that he never actually uttered, or wrote, those words. No matter, for this column is about the Einsteins in the […]
Colin Lambert reviews a new paper from the Bank for International Settlements’ Monetary and Economic Department, which suggests the direct links between liquidity conditions in FX spot and swaps markets are getting stronger – and that regulation is having a serious impact on the FX market’s functioning. At face value, the phrases “…the pricing of […]
