Opinion/Risk Management
The forex clearing debate continues
Saima Farooqi asks how likely it is that fx swaps and forwards will be swept up in the OTC derivatives reforms.
Economics should drive change
The decision to include foreign exchange swaps and forwards in the US over-the-counter derivatives reform bills run counter to research conducted by central bank-backed foreign exchange committees.
Paradigm shift in forex means new risks
The changing paradigm of the foreign exchange markets might create a new set of pressure points for the industry that need to be addressed, warned delegates at the FX Week Asia congress in Singapore last Tuesday.
Segregated accounts: an uneasy compromise
State Street last week became the latest bank to take advantage of counterparty risk fears on the buy side, extending its hedge fund administration services to include custody, cash management and forex.
EUR/CHF: Last one standing
Olgay Buyukkayali, foreign exchange strategist for Nomura in London, explains why now is a good time to buy EUR/CHF
Climate unsettled
David Clark , chairman of the Wholesale Market Brokers Association, demystifies the OTC versus exchange settlement debate
Widening credit spreads: a strategic advantage
While spread-widening is proving advantageous for many, it could be to the detriment of any plans for a central counterparty clearing system for FX, says New York-based independent consultant Pat Lefler
What a difference a year makes
The foreign exchange business was a clear outlier in what has been a historic year for global financial markets. But no single entity experienced as significant a reversal of fortunes as a result of the market turbulence this year as settlement system…