TradeTech FX 2017

September 11-September 13, 2017

Fairmont Rey Juan Carlos, Barcelona

44 (0) 20 7368 9836

Virginie Queval

Head of FX Trading
Legal & General
Virginie has been Head of FX Trading at Legal & General since 2013, and was previously at Commerzbank and BNP Paribas. Virginie will be joining the Panel Discussion ‘Variation margin and collateralisation rules - What has been and will be the effect on liquidity and the impact to the buy and sell side, and has it reduced industry risk?’ on the 12th September.


Day 1 - Tuesday 12th September 2017

15:10 PM 360° Perspective: Variation margin and collateralisation rules - The buy and sell side impacts on execution, liquidity and the appetite for clearing, and has it reduced industry risk?

  • What impact have margin variation and collateralisation rules had on the buy side - do the benefits outweigh the additional costs?  Have the new requirements had the desired effects to make un-cleared transactions safe?
  • Was the industry caught off guard by the deadline of 1 March for collateralisation of NDFs and other non-spot FX instruments, and did trading desks feel that there was enough support from banks? 
  • How have the sell side been affected?  Has it had a deteriorating effect on liquidity? 
  • How has clearing affected the impact of new margin rules?
  • What have been and will be the result if firms can’t comply?
  • How can you ensure you have the additional capital and infrastructure required to make meet these daily margin calls?