Due to the level of interest generated by Profit & Loss’ discussion with Rohan Churm, head of the FX division at the Bank of England as part of our first ever Dial-in Day, we are releasing the audio as part of our In the FICC of It podcast series.

You can download either by clicking the link below or going to your regular podcast distribution app to hear about how the Bank of England maintains its operations and market surveillance function during the pandemic; as well as Churm’s observations on the evolution of FX swaps markets highlighted in the latest Bank for International Settlements’ Triennial Survey of FX Turnover; the recent basis blow out; and efforts aimed at further mitigating FX settlement risk.