Currency Trade to Be Lucrative Even as Rules Change, Panel Says
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Currency trading will remain profitable amid shifts in financial regulations because it requires committing less capital than other financial transactions, panelists said during a Bloomberg LP currency conference in New York.
New requirements from the Basel Committee on Banking Supervision, an international rulemaking group, include a measure that would force lenders to have common equity equal to at least 7 percent of assets, weighted according to their risk, including a 2.5 percent buffer to withstand future stress.