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Margin for longer-dated uncleared FX would be unpopular, FSA official admits

While the idea behind a maturity threshold for forex collateral requirements makes sense to regulators, FSA speaker at FX Week Europe recognises the industry's opposition

time-money
Heather Pilley, FSA

A controversial requirement to mandate the posting of collateral for bilaterally traded foreign exchange swaps and forwards above a certain tenor has received little support from the industry, a senior official at the UK Financial Services Authority (FSA) has recognised.

Speaking at the FX Week Europe conference in London yesterday, Heather Pilley, technical specialist in over-the-counter

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