Despite Long Time Bans In Many Countries Historical Rate Rollovers Survive In Europe
BANKS
Regulators in London, New York and Frankfurt have long banned or discouraged it. Even in Japan, where the practice was rife until recently, authorities have decided to phase it out. But in some parts of Europe, it still goes on, unchecked by regulation, according to bank executives interviewed by FX Week.
The practice in question is the historical rate rollover - when banks permit customers to roll a matured forward transaction at the same rate as the original deal, even though the market has
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