Despite hurdles, clearers map out forex ambitions

Clearing hurdles

roger-rutherford
Roger Rutherford

Foreign exchange dealers breathed a sigh of relief in April, when the US Treasury proposed to exempt foreign exchange swaps and forwards from the mandatory clearing requirement of the Dodd-Frank Act. Clearing houses might not have been quite as happy – according to the most recent Bank for International Settlements survey, the exempted instruments rack up average daily turnover of $2.3 billion, making them a potential money-spinner.

A similar exemption may follow in the European Union (EU), wher

To continue reading...

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 indvidual account here: