Perspectives on 2014: James Kemp, global FX division
In its first three years of operations, the global foreign exchange division (GFXD) of the Global Financial Markets Association has undergone a subtle shift. Established by the largest FX banks in 2010, the division's initial focus was mainly on lobbying policy-makers globally for the exemption of certain FX products from new regulations. Over the past year, while lobbying has remained necessary, the GFXD has begun to zero in on implementation, particularly of new rules on trade reporting and
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