Widening fix window is not a magic bullet, industry tells FSB
Industry makes variety of recommendations
Widening the fixing window for the WM/Reuters currency benchmark would not solve the conflict of interest that currently exists between the sell side and buy side, and in isolation it could leave both worse off due to rising risk exposures, according to industry responses to the Financial Stability Board's (FSB) consultation on FX benchmarks.
The three submission papers reviewed by FX Week largely agree the FSB's recommendation that extending the length of the fixing window – currently set at
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