Published On: Wed, Aug 13th, 2014

GFMA Response to the FSB Consultation Paper on Foreign Exchange Benchmarks

James Kemp, Managing Director, GFMA

James Kemp, Managing Director, GFMA

The Global Foreign Exchange Division (GFXD) of the Global Financial Markets Association (GFMA) welcomes the opportunity to comment on the Consultative Document issued by the Financial Stability Board (FSB) on Foreign Exchange Benchmarks.

James Kemp, Managing Director of the Global FX Division of the GFMA, commented:

“Effective and efficient exchange of currencies underpins the world’s financial system. We agree with and support many of the recommendations set forth in the Consultative Document and believe they can produce a number of benefits for all FX market participants, which includes dealers, institutional investors, companies and governments.”

GFMA’s full response to the consultation is available here.
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