European Parliament has neglected FX exemption question, says UK MEP
Kay Swinburne criticises colleagues in the European Parliament for failing to tackle the question of whether forex contracts need to be subjected to new clearing and reporting requirements
The European Parliament has been "remarkably silent" on the crucial question of whether foreign exchange contracts should fall within the scope of new rules for central clearing and reporting of over-the-counter derivatives, according to Kay Swinburne, a British member of the European Parliament (MEP) in Brussels and member of the parliament's Economic and Monetary Affairs Committee.
Speaking exclusively to FX Week, Swinburne revealed there has barely been any discussion in the European
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