US Treasury will exempt forex swaps and forwards from Dodd-Frank

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The US Treasury department has proposed exempting foreign exchange swaps and forwards from the central clearing requirements of the Dodd-Frank Act, ending months of uncertainty since the law was passed in July 2010.

"Central clearing requirements will strengthen the rest of the derivatives market, but could actually jeopardise practices in the forex swaps and forwards market that help limit risk and ensure that it functions effectively. The market plays such an important role in helping

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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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