U.K. Financial Law Panel Notice Boosts Legal Status Of FX Netting


The U.K. Financial Law Panel (FLP) has released an updated guidance notice on foreign exchange netting from the City of London Law Society that further strengthens the legal basis for netting in the U.K. and takes note of the International Foreign Exchange Master Agreement (Ifema).

The FLP, which is sponsored by the City of London and the Bank of England, first issued a more general guidance notice on netting of counterparty exposure (including interest-rate swaps) in November 1993 that gave the

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Regulation shifts focus to listed FX

Jens Quiram, global co-head of FIC derivatives and repo sales at Eurex, assesses the state of the regulatory landscape in the FX market and outlines how listed markets offer a viable alternative to increasingly costly over‑the-counter instruments

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