Arguments against forex clearing flawed, says Duffie

Darrell Duffie - Stanford University
Darrell Duffie

Stanford Graduate School of Business professor Darrell Duffie argues foreign exchange swaps and forwards should be subject to mandatory clearing under the Dodd-Frank Act, despite the US Treasury’s recent proposal to grant an exemption to the products.

The Dodd-Frank Act requires all standardised derivatives to be traded on a swap execution facility and cleared through a central clearing counterparty (CCP). However, the legislation also allows the Treasury to specifically exempt foreign exchange

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here