Engagement with Regulators Critical, says FXPA

fxpa panelThe Foreign Exchange Professionals Association (FXPA) has warned that now is a critical time for the FX industry to enhance its engagement with regulators.

Representatives of the Foreign Exchange Professionals Association (FXPA), which announced its launch at Profit & Loss’ Forex Network Chicago event on September 25, stressed the importance of the industry being represented by one voice to regulatory bodies around the globe.
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FXPA Comments on CFTC’s Consideration of a Clearing Requirement for Non-Deliverable Forwards

“We are encouraged that regulators on both sides of the Atlantic are engaging with market participants on the important issue of NDF clearing on a similar timeframe and look forward to regular efforts at harmonization across the range of issues affecting the FX market,” says the Foreign Exchange Professionals Association (FXPA), a newly formed trade body comprised of a cross-section of FX industry participants.”