Isda survey explores refresh of FX derivatives rule book

Lawyers agree updates to definitions are needed, but some areas of focus may prove controversial


The rules governing how foreign exchange derivatives are documented and traded may be set to change as the industry body overseeing them surveys its members on whether they could be improved.

Though most market participants agree that some updates to the 25-year-old FX and Currency Options Definitions are necessary, lawyers say the International Swaps and Derivatives Association will need to tread a fine line to ensure widespread adoption of any amended documentation – particularly in

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