Q&A: Fx Regulation Debates Still Rage

Fx has stood out as special case in the regulatory debates over the last few years as a quick to settle, liquid market subject to less of the risk seen in other derivatives. But, how that status actually feeds through to the final rules is still a hot issue. At the center of the debates is the global fx division at the Global Financial Markets Association. It has been in discussions with the Australian Treasury, the U.S. Commodity Futures Trading Commission and the European Securities and Markets Authority over recent months. Managing director James Kemp, spoke with DI to run through the key issues.