First wave of GFXC cover sheets expected December 17

Greater transparency could lead to tighter last look policies, says Bank of England FX head

Last-look

A senior Bank of England official has confirmed the first wave of new trading disclosure cover sheets for foreign exchange liquidity providers (LPs) will be published on December 17, which he says will provide new transparency for users that could result in a tightening up of last look policies across the market.

“I’m very pleased to say that there will be a co-ordinated go-live date for all [cover sheets] from December 17, meeting the year-end target set by the GFXC [Global Foreign Exchange

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