The FDIC (and OCC) propose Forex rules – are the big US banks coming?

June 2, 2011 - PRLog -- LeapRate’s Forex Industry News – A couple of recent and similar moves by two US regulators, the FDIC (or Federal Deposit Insurance Corporation) and the OCC (or Office of the Comptroller of the Currency), went largely unnoticed in the Forex industry, and in our view were somewhat misinterpreted by those who did notice. However, these moves spoke volumes to us about future competition in the Forex business – in particular about the potential entry of several large US banks into the business.

For more details please see our Forex Industry News section at http://www.leaprate.com/News.html.

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