Widening fix window won't solve forex benchmark issues, industry tells FSB

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The Bank for International Settlements, home of the FSB

Widening the fixing window for the WM/Reuters currency benchmark would not solve the conflict of interest that currently exists between the sell-side and the buy-side, and in isolation could leave both sides worse off due to rising risk exposures, industry responses to the Financial Stability Board's (FSB) consultation on foreign exchange benchmarks show.

The three submission papers reviewed by Central Banking's sister title FX Week largely agree that the FSB's recommendation to increase the

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