Margin for longer-dated uncleared FX would be unpopular, FSA official admits

Heather Pilley at the UK FSA
Heather Pilley, FSA

A controversial requirement to mandate the posting of collateral for bilaterally traded foreign exchange swaps and forwards above a certain tenor has received little support from the industry, a senior official at the UK Financial Services Authority (FSA) has recognised.

Speaking at the FX Week Europe conference in London yesterday, Heather Pilley, technical specialist in over-the-counter derivatives and post-trade policy at the FSA, and a member of the international Working Group on Margining

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: