Asia Risk Congress: FX derivatives should stay bilateral, says BNP Paribas trader
Regulators should back away from plans to force the $49 trillion notional foreign exchange derivatives market onto exchanges and clearing houses, according to Hubert de Lambilly, deputy global head of foreign exchange and hybrids trading at BNP Paribas in London, speaking today at the Asia Risk Congress in Hong Kong.
De Lambilly noted that the foreign exchange market remained unregulated throughout the crisis and has not shown any sign of collapse - unlike the panics and liquidity freezes that
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