Regulations often neglect FXPB, panellists say
Post-crisis regulatory efforts tend to focus on core market-making, leaving credit intermediators in a confusing limbo
Regulations since the financial crisis have mainly focused on core market-making activities at banks, with scant details for businesses such as foreign exchange prime brokerage, panellists said at the FX Week Europe conference on November 29 in London.
“I don’t mind regulations; we can work with any regulations. But what I would really appreciate is when the regulation is written [that] they include PB,” Marcus Butt, global head of prime services at NatWest, told delegates.
The lack of focus
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