Nomura exits, Credit Suisse stumbles?; Rates, currencies, commodities counter credit revenue decrease

Departures follow senior investment bank changes; Former Barclays team now in control

Tight restrictions on the new Chinese FX options market might lead to a slow start.

Monetary policy seen as insufficient, macro-prudential policies also required

Nomura exits, Credit Suisse stumbles? Rates, currencies, commodities counter credit revenue decrease

Athanasopoulos adds to responsibilities as two FX stalwarts set to leave firm

The Japanese people have a remarkable capacity to rebuild their country after disaster. Consider the medium-term impact of the current tragedy; it is not all negative.

The Euromoney Awards for excellence are in their 20th consecutive year. They continue to be the most respected awards in the financial services industry. Here are guidelines and deadlines for your Regional and Country Awards submissions.

Fitch expects its Covered Bonds Counterparty Criteria, which includes new amendments, “will have an immediate effect on a limited number of covered bond ratings”. Most programmes, and especially those that use internal counterparties, will only be affected if the issuer's rating deteriorates by several notches, Fitch said when it released the criteria on Monday.

All things come to an end and theweeklyFiX is no exception. This is the last online column so we’d like to thank: readers for their attention; sources for their information; and the largest, most vibrant financial market on the planet for ceaselessly giving us something to write about.

Talk about hot off the keyboard.

Dennis O’Brien has joined RBS New York as a director in foreign exchange sales, reporting to Craig Donaldson, head of financial institutions foreign exchange and prime brokerage sales for the Americas.

It’s never sensible to stick your neck out too far the day before non-farm payrolls. So here goes: it is difficult to see the figure overturning the current bullish EUR/USD consensus, notwithstanding better than expected ADP data and continuing falls in jobless claims.

FXall announced this week the opening of a new office in Mumbai, India.

Thomson Reuters and Icap have started providing spot FX fixings in the six major currency pairs (and two associated crosses) throughout the day to complement the FXFix and FXClose fixings established in 2006.

theweeklyFiX wrote last week of the sticky ending to an evening out for a few currency option players. It amused us in a Schadenfreude way, though it was probably rather uncomfortable – in all sorts of ways – for those in the lift. Accordingly, we tried to be as discreet as possible in the telling of the story. And, anyway, everyone was, at that point, keeping rather schtum.

Is the Brazilian real overvalued? Is there a credit bubble? Is Brazil headed for a correction?

Must be backed by trade flows; Only option purchases permitted

Automating the financial supply chain is essential in a world where credit is tight, raw material prices are rising and demand is shrinking. But the ideal solution depends on more collaboration between buyers and sellers. By Jack and Wolfi Large.

Banks are investing heavily in their cash management businesses, recognizing their importance both as a revenue generator and a means of strengthening customer relationships. Euromoney’s annual review surveys the state of the market. By Jack and Wolfi Large.

In 2010, long established trends in payment systems continued. Cash payments and cheques continued to be slowly replaced by cards and other payment systems. The roll-out of same-day settlement options in ACH clearings continued world-wide. The development of the Single Euro Payments Area (SEPA) continued its somewhat stuttering progress and there were some small, but nonetheless important, improvements in other cross-currency/cross border payment services. The biggest developments in 2010 were in collection services, as companies focused on improving their receivables management. New to the mix are developments in mobile phone payment systems and services. By Jack and Wolfi Large.

The internet now seems to be driving the future of cash and treasury management systems and services, with cloud computing and downloadable apps the possible end game. By Jack and Wolfi Large.

Cable’s off the top this morning in light of consumer confidence numbers from Gfk still around record lows and the downward revision to Q4 GDP.

There were a few currency option desks unoccupied this morning. Or at least anyone who was sitting at them was hardly in a fit state.

Data from Parker Global shows that meaningful returns from FX funds are still difficult to generate.

State Street Investor Confidence Index for February 2011 fell 9.2 points from January’s revised reading of 100.8 to reach 91.6. Declines were evident across all regions.

Stephen Darling, previously European head of emerging markets at RBC London, is joining CIBC as managing director of its London FX team. He will report jointly to Duncan Rule, global head of FX trading, and Karl Wildi, head of capital markets in London.

RBC Dexia Investor Services has made two new appointments to its FX trading desk in London.

Three great dangers to the world economy have become more apparent in the wake of the Libyan uprising. The G20 meetings achieves little on the issue of monetary reserves.

A couple of pieces of this week confirms that technical analysis is often little more objective than the gut feeling of old-timers.