FX clearing a priority for 2014, vows CLS chief

Working with banks and CCPs to facilitate central clearing of OTC forex options is 'high priority strategic initiative' for CLS this year, says chief executive David Puth


Facilitating central counterparty (CCP) clearing of over-the-counter foreign exchange options in line with regulatory requirements is a top priority for 2014, according to forex settlement risk mitigation utility CLS, which has vowed to work closely with banks and CCPs to assist with the settlement of cleared foreign exchange products.

The commitment comes weeks after the global foreign exchange division (GFXD) of the Global Financial Markets Association published the results of an extensive

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