FX dealers commit to greater standardisation in latest Fed letter
The largest 14 derivatives dealers have agreed to a modest set of voluntary commitments to standardise and improve efficiency in the over-the-counter derivatives market in their latest annual letter to regulators, as the industry focuses on the daunting task of complying with compulsory market reforms.
The 31-page letter addressed to William Dudley, president of the Federal Reserve Bank of New York, and the OTC Derivatives Supervisors Group, was published on April 5 and included a number of new
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