New currency pairs needed

ZURICH - New currency pairs should be explored to help guard against systemic risk, according to panellists at the FX Invest Europe conference in Zurich.

"One major currency for the world is not enough, because if this currency collapses the whole world goes into recession. To prevent this systemic risk, we need to establish more major currencies," Igor Suzdaltsev, head of financial institutions for Russia's OTP Bank, told delegates at the event last Tuesday.

Suzdaltsev thinks a CHF/RUB pairing

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