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Nach den Devisenpaaren EUR/USD und USD/JPY ist der Cable (GBP/USD) das umsatzstärkste Devisenpaar der Welt. Kennzeichnend für Großbritannien und die USA ist ein starker Bankensektor und eine rückläufige industrielle Produktion. Aufgrund dieser Tatsache weisen beide Länder ein permanent negatives Handelsbilanzsaldo aus.
Governor Andrew Bailey revealed that the Monetary Policy Committee (MPC) is submitting the minutes of its rate-setting meetings to a large language model (LLM) to see how it summarises them....
Bank of England Governor Andrew Bailey warned it will get harder to resist pressure to raise interest rates the longer high oil and gas costs persist....
China's BOE is supplying the panel for LG Electronics' 27-inch UltraGear evo 27GM950B, putting the display maker's technology in one of LG's premium gaming monitors as BOE expands its push into higher-resolution and ultra-high-refresh-rate displays....
Regulators Find Their Situational Awareness: Fed, BoE Probe Bank Exposure To Jane Street After AI Fund Meltdown
Better late than never...
Nearly two months after Leopold Aschenbrenner's Situational Awareness went from a $45 billion AI juggernaut to a Citadel block trade after it dumped its entire public book on Ken Griffen's doorstep at a 10% discount and six weeks after we learned that Jane Street lost $15 billion in July, its first down month in a decade, central bankers on both sides of the Atlantic have noticed that something may have happened.
According to the FT, the Bank of England's Prudential Regulation Authority and the Federal Reserve have "stepped up scrutiny" of banks' exposure to large trading firms and market makers. They are asking global lenders how much they have lent to Jane Street and Ken Griffin's Citadel Securities, and presumably also to such HFT money makers as Susquehanna and Hudson River Trading.
Regulators want to know three things: the firms' risk...