BIS Committee Produces "Discussion Paper" Slamming Multilateral Netting: Whither ECHO?

REGULATIONS

After almost two years of waiting for the Bank for International Settlements to follow up on the Lamfalussy report on foreign exchange netting, proponents of multilateral netting have been stunned by a highly critical cover note to a "discussion document" on the subject produced by the bank's Farrant Committee. The paper, which was circulated to interested banks worldwide in the last two weeks, reflects the sometimes conflicting views of many member countries and solicits comments rather

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week 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: