Of all the derivatives asset classes destined for central clearing, the outlook for foreign exchange has arguably been subject to most change over the past 12 months – and clearing house offerings have reflected that. Initially, central counterparties (CCPs) planned to debut with options clearing services, but the brakes were slammed on after regulators started suggesting they would need to cover settlement as well as mark-to-market counterparty risks. That debate is ongoing.
Then there was a wi
The week on Risk.net, July 7-13, 2018Receive this by email