Price of credit to rise while clearing still years away
The cost of credit in FX may be rising, but it's still cheaper than clearing, webinar participants say
Rebalancing in the credit and prime brokerage (PB) space in foreign exchange is set to continue until the full cost implications of regulatory and capital costs become clear, with no respite offered by the possibility of central clearing as the associated costs would be multiple times more expensive than the existing FXPB model, panellists at FX Week's prime-of-prime webinar told the audience.
Since the momentous Swiss National Bank event of January 2015, foreign exchange credit intermediation
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