Asia Risk Congress: FX derivatives should stay bilateral, says BNP Paribas trader

Regulators should back away from plans to force the $49 trillion notional foreign exchange derivatives market onto exchanges and clearing houses, according to Hubert de Lambilly, deputy global head of foreign exchange and hybrids trading at BNP Paribas in London, speaking today at the Asia Risk Congress in Hong Kong.

De Lambilly noted that the foreign exchange market remained unregulated throughout the crisis and has not shown any sign of collapse - unlike the panics and liquidity freezes that

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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