FSB's call for FX derivatives margin confuses industry

02/5/2013 | Risk.net (subscription required)

The Financial Stability Board has called for the Basel Committee on Banking Supervision and the Committee on Payment and Settlement Systems to focus on foreign exchange derivatives and "set out strong provisions on variation margin". The request seems to stand in opposition to the Working Group on Margining Requirements, which has delayed issuing guidelines, partly because of questions about whether they would be appropriate for forex swaps. The working group is run by the Basel Committee and the International Organisation of Securities Commissions.

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