regulatory reform

FX Swaps and Forwards: A Special Case?

After the financial world (and much of the press that covers it) had “powered down” for the weekend, the U.S. Department of the Treasury issued its long-awaited “final determination” on FX swaps and forwards last Friday. In the final ruling, Treasury essentially...

Digging for Roots

Many countries around the world continue to wrestle with wobbling economies.  The US has its "fiscal cliff" event this year.  Europe struggles mightily to hold the eurozone together, even as it questions the value of the currency that it created.  Asia shows signs of...

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