Regulation: The great unknown
Central to that is what clarification will be provided on issues such as the possible Treasury exemptions for foreign exchange swaps. And top dealers are already beginning to go through the possible changes with clients.
“The issue is particularly around central counterparty clearing, swaps execution facilities, clients that weren’t normally required to post collateral now having to post collateral,” said a head of trading. “It’s a whole learning process for everybody.”
On the forex prime
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