FX Week Europe: Uncleared FX not necessarily more risky, says BoE’s Cross

Michael Cross speaks at FX Week Europe

New regulations that require non-cleared derivatives to be subject to higher capital and margin requirements could mean certain uncleared foreign exchange products are hit disproportionately hard relative to the risks they pose, according to Michael Cross, head of the foreign exchange division and reserves management at the Bank of England.

Speaking at the FX Week Europe conference in London this morning, Cross noted there had been significant industry effort to clear FX options, but the

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 [email protected] to find out more.

To continue reading...

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: